Mastercard Incorporated (NYSE:MA) Shares Sold by Flossbach Von Storch AG

Flossbach Von Storch AG lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472,361 shares of the credit services provider’s stock after selling 35,854 shares during the quarter. Mastercard makes up about 0.9% of Flossbach Von Storch AG’s holdings, making the stock its 25th largest holding. Flossbach Von Storch AG owned 0.05% of Mastercard worth $201,467,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MA. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard during the first quarter worth approximately $25,000. Hibernia Wealth Partners LLC purchased a new stake in shares of Mastercard in the third quarter valued at about $27,000. LFA Lugano Financial Advisors SA purchased a new position in Mastercard during the fourth quarter worth about $27,000. Barometer Capital Management Inc. acquired a new position in Mastercard in the 3rd quarter valued at about $36,000. Finally, Mascoma Wealth Management LLC acquired a new position in Mastercard in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on MA shares. KeyCorp increased their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. Raymond James raised their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Cowen assumed 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. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, BMO Capital Markets upped their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $485.91.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mastercard news, 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 completion of the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,728 shares of company stock valued at $19,479,753. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Up 0.1 %

Shares of Mastercard stock traded up $0.25 during trading hours on Wednesday, hitting $460.07. The company had a trading volume of 1,735,020 shares, compared to its average volume of 2,412,026. The company’s 50-day moving average is $471.83 and its two-hundred day moving average is $433.21. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $429.20 billion, a P/E ratio of 38.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter last year, the business posted $2.65 EPS. Analysts anticipate that Mastercard Incorporated will post 14.36 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is currently 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.