Choreo LLC Grows Stock Holdings in Mastercard Incorporated (NYSE:MA)

Choreo LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 67.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,864 shares of the credit services provider’s stock after purchasing an additional 2,352 shares during the period. Choreo LLC’s holdings in Mastercard were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MA. Cypress Wealth Services LLC raised its holdings in Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC grew its position in shares of Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after acquiring an additional 24 shares during the last quarter. TRUE Private Wealth Advisors grew its position in shares of Mastercard by 2.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after acquiring an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO grew its position in shares of Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after acquiring an additional 25 shares during the last quarter. Finally, Tufton Capital Management grew its position in shares of Mastercard by 4.5% during the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 26 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 114,000 shares of Mastercard stock in a transaction on Friday, April 26th. The stock was sold at an average price of $462.57, for a total transaction of $52,732,980.00. Following the completion of the transaction, the insider now owns 96,767,308 shares of the company’s stock, valued at approximately $44,761,653,661.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Foundation Mastercard sold 114,000 shares of Mastercard stock in a transaction on Friday, April 26th. The stock was sold at an average price of $462.57, for a total transaction of $52,732,980.00. Following the completion of the transaction, the insider now owns 96,767,308 shares of the company’s stock, valued at approximately $44,761,653,661.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. Insiders sold 480,630 shares of company stock valued at $221,479,470 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MA shares. Oppenheimer restated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Evercore ISI raised their target price on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. TD Cowen started coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, The Goldman Sachs Group lifted their price objective on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Price Performance

Shares of NYSE MA opened at $457.03 on Tuesday. The firm has a market capitalization of $426.36 billion, a P/E ratio of 38.63, a PEG ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company’s fifty day moving average is $471.13 and its two-hundred day moving average is $437.01. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period in the previous year, the firm earned $2.65 EPS. Analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.