Lyell Wealth Management LP Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Lyell Wealth Management LP boosted its position in Mastercard Incorporated (NYSE:MA) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,364 shares of the credit services provider’s stock after buying an additional 1,832 shares during the quarter. Lyell Wealth Management LP’s holdings in Mastercard were worth $4,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Activest Wealth Management boosted its holdings in shares of Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 250 shares during the period. Everett Harris & Co. CA boosted its holdings in shares of Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after acquiring an additional 252 shares during the period. Atlantic Union Bankshares Corp boosted its holdings in shares of Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after acquiring an additional 2,337 shares during the period. Fortune Financial Advisors LLC boosted its holdings in shares of Mastercard by 4.5% in the fourth quarter. Fortune Financial Advisors LLC now owns 7,853 shares of the credit services provider’s stock worth $3,350,000 after acquiring an additional 339 shares during the period. Finally, Foster Victor Wealth Advisors LLC boosted its holdings in shares of Mastercard by 1.5% in the fourth quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock worth $18,041,000 after acquiring an additional 612 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Michael Miebach sold 7,851 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, 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 transaction, the insider now owns 46,491 shares in the company, valued at $21,388,649.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Miebach sold 7,851 shares of the business’s 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 in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 257,630 shares of company stock valued at $118,303,470. Insiders own 0.13% of the company’s stock.

Mastercard Trading Down 0.1 %

Mastercard stock traded down $0.32 during mid-day trading on Wednesday, hitting $462.50. The company’s stock had a trading volume of 3,982,723 shares, compared to its average volume of 2,420,361. 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 stock has a market cap of $431.46 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. The business has a 50 day moving average price of $471.65 and a 200-day moving average price of $435.45. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate 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 posted $2.65 earnings per share. As a group, analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed 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 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. TD Cowen started coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Royal Bank of Canada upped their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Mizuho reissued a “buy” rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Finally, JPMorgan Chase & Co. upped their price objective 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. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $490.23.

About Mastercard

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.