NBW Capital LLC Sells 44 Shares of Mastercard Incorporated (NYSE:MA)

NBW Capital LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 11,045 shares of the credit services provider’s stock after selling 44 shares during the quarter. NBW Capital LLC’s holdings in Mastercard were worth $4,711,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Mastercard by 3.9% during the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock worth $12,632,032,000 after buying an additional 1,303,477 shares in the last quarter. Morgan Stanley grew its holdings in shares of Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after buying an additional 2,385,640 shares in the last quarter. Norges Bank bought a new position in shares of Mastercard during the fourth quarter worth about $3,308,223,000. Northern Trust Corp grew its holdings in shares of 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. Finally, Nuveen Asset Management LLC grew its holdings in shares of Mastercard by 3.9% during the second quarter. Nuveen Asset Management LLC now owns 8,420,213 shares of the credit services provider’s stock worth $3,311,670,000 after buying an additional 318,077 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, 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 transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on 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 completion of the transaction, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold a total of 41,728 shares of company stock worth $19,479,753 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

NYSE:MA traded down $4.78 during mid-day trading on Thursday, hitting $455.38. 908,201 shares of the stock were exchanged, compared to its average volume of 2,391,370. The stock has a market capitalization of $424.82 billion, a price-to-earnings ratio of 38.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The firm’s 50-day simple moving average is $471.83 and its 200 day simple moving average is $433.21. 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 Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 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 analyst estimates of $6.46 billion. During the same quarter last year, the company earned $2.65 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.36 EPS for the current fiscal year.

Mastercard Announces Dividend

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 presently 22.32%.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. KeyCorp increased their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. TD Cowen assumed coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. JPMorgan Chase & Co. raised their price target on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday. Monness Crespi & Hardt assumed coverage on Mastercard in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Evercore ISI raised their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price 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.