508 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Allen Capital Group LLC

Allen Capital Group LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 508 shares of the credit services provider’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Mastercard by 3.9% in the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after buying an additional 1,303,477 shares during the last quarter. Morgan Stanley raised its position in shares of Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after buying an additional 2,385,640 shares during the last quarter. Norges Bank acquired a new position in shares of Mastercard in the fourth quarter valued at approximately $3,308,223,000. Northern Trust Corp grew its holdings in Mastercard by 2.9% in the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after purchasing an additional 251,516 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Mastercard by 3.9% in the second quarter. Nuveen Asset Management LLC now owns 8,420,213 shares of the credit services provider’s stock valued at $3,311,670,000 after purchasing an additional 318,077 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.1 %

Shares of NYSE:MA opened at $459.50 on Wednesday. The stock has a market capitalization of $428.66 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The company’s fifty day moving average is $471.86 and its two-hundred day moving average is $433.03. 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 quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the company earned $2.65 EPS. Equities analysts anticipate that Mastercard Incorporated will post 14.36 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The disclosure for this sale can be found here. Insiders have sold a total of 41,728 shares of company stock valued at $19,479,753 in the last quarter. Company insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MA. Susquehanna restated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. KeyCorp boosted their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Raymond James boosted their target price on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. BMO Capital Markets boosted their price objective on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $485.91.

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.