Mastercard Incorporated (NYSE:MA) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its holdings in Mastercard Incorporated (NYSE:MA) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,108 shares of the credit services provider’s stock after purchasing an additional 1,738 shares during the period. Van ECK Associates Corp’s holdings in Mastercard were worth $62,316,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Northern Trust Corp increased its position in Mastercard by 2.9% during the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after buying an additional 251,516 shares in the last quarter. Jennison Associates LLC raised its stake in Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after purchasing an additional 515,481 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Mastercard by 5.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after purchasing an additional 306,663 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Mastercard by 1.1% during the 3rd quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after purchasing an additional 56,642 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Mastercard by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock worth $1,804,372,000 after buying an additional 16,019 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.7 %

NYSE:MA traded down $3.16 on Tuesday, reaching $453.94. The stock had a trading volume of 631,687 shares, compared to its average volume of 2,384,882. The company has a 50-day moving average of $471.13 and a 200 day moving average of $437.01. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market cap of $423.48 billion, a P/E ratio of 38.37, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter last year, the firm earned $2.65 EPS. On average, research analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Michael Miebach sold 7,851 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders sold a total of 480,630 shares of company stock valued at $221,479,470 in the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. KeyCorp upped their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. BMO Capital Markets raised their price target on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Susquehanna reaffirmed a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard 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.