Wetzel Investment Advisors Inc. Takes $133,000 Position in Mastercard Incorporated (NYSE:MA)

Wetzel Investment Advisors Inc. purchased a new stake in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 311 shares of the credit services provider’s stock, valued at approximately $133,000.

Other hedge funds also recently made changes to their positions in the company. Cypress Wealth Services LLC increased its stake in Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC grew its position in shares of Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after acquiring an additional 24 shares during the last quarter. TRUE Private Wealth Advisors grew its position in shares of Mastercard by 2.4% during the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after acquiring an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO grew its position in shares of Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after acquiring an additional 25 shares during the last quarter. Finally, Cassia Capital Partners LLC grew its position in shares of Mastercard by 2.1% during the third quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock worth $491,000 after acquiring an additional 26 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. Oppenheimer restated an “outperform” rating and set a $510.00 target price on shares of Mastercard in a research report on Thursday, February 1st. Wells Fargo & Company increased 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 initiated coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Raymond James increased their price target on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada increased their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Insider Buying and Selling at Mastercard

In other Mastercard 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 sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard 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 sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the sale, the insider now owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The disclosure for this sale can be found here. Insiders sold 148,728 shares of company stock worth $68,483,403 in the last 90 days. 0.13% of the stock is owned by company insiders.

Mastercard Price Performance

Mastercard stock traded up $0.69 during midday trading on Friday, reaching $455.39. 2,548,844 shares of the company were exchanged, compared to its average volume of 2,169,012. The company has a market capitalization of $424.83 billion, a price-to-earnings ratio of 38.49, a P/E/G ratio of 1.73 and a beta of 1.08. The firm’s 50-day simple moving average is $471.70 and its 200-day simple moving average is $433.78. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. 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 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. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter last year, the business posted $2.65 EPS. On average, analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

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.