Mastercard Incorporated (NYSE:MA) Shares Acquired by RB Capital Management LLC

RB Capital Management LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,725 shares of the credit services provider’s stock after buying an additional 235 shares during the period. Mastercard accounts for 1.1% of RB Capital Management LLC’s holdings, making the stock its 22nd biggest position. RB Capital Management LLC’s holdings in Mastercard were worth $3,721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA purchased a new position in Mastercard in the 4th quarter valued at $27,000. Criterion Capital Advisors LLC purchased a new stake in Mastercard in the fourth quarter valued at $33,000. Barometer Capital Management Inc. purchased a new position in shares of Mastercard during the 3rd quarter worth $36,000. Thomas J. Herzfeld Advisors Inc. raised its holdings in Mastercard by 661.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after buying an additional 86 shares during the period. Finally, JCIC Asset Management Inc. lifted its position in Mastercard by 34.0% in the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MA shares. The Goldman Sachs Group upped their price objective on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Royal Bank of Canada lifted their price objective on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. KeyCorp raised their target price on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Raymond James increased their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Stock Performance

NYSE MA traded down $9.13 during trading on Wednesday, reaching $442.07. The company’s stock had a trading volume of 4,974,512 shares, compared to its average volume of 2,428,986. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The firm has a market cap of $412.40 billion, a price-to-earnings ratio of 37.77, a P/E/G ratio of 1.74 and a beta of 1.08. The business’s fifty day moving average price is $471.12 and its 200-day moving average price is $437.38. 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 released its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The business had revenue of $6.55 billion for 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 in the previous year, the company posted $2.65 earnings per share. As a group, analysts anticipate 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. Investors of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio is currently 22.32%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the business’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 sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated 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 transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 480,630 shares of company stock worth $221,479,470 over the last 90 days. Company insiders own 0.13% of the company’s stock.

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.