5,009 Shares in Mastercard Incorporated (NYSE:MA) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in Mastercard Incorporated (NYSE:MA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,009 shares of the credit services provider’s stock, valued at approximately $2,250,000. Mastercard makes up about 0.6% of GAMMA Investing LLC’s portfolio, making the stock its 25th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Cypress Wealth Services LLC increased its position in shares of 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 buying an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC increased 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 purchasing an additional 24 shares in the last quarter. TRUE Private Wealth Advisors increased 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 purchasing an additional 24 shares in the last quarter. Indiana Trust & Investment Management CO increased 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 purchasing an additional 25 shares in the last quarter. Finally, Tufton Capital Management increased its position in shares of Mastercard by 4.5% during the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 26 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on MA shares. William Blair reiterated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Evercore ISI boosted their price target on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Robert W. Baird boosted their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. boosted their price objective on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada boosted their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Stock Up 1.3 %

NYSE MA traded up $5.87 during trading hours on Tuesday, hitting $462.62. 2,027,850 shares of the company were exchanged, compared to its average volume of 2,400,298. The company has a 50 day moving average of $471.66 and a two-hundred day moving average of $434.80. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The firm has a market cap of $431.57 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.73 and a beta of 1.08.

Mastercard (NYSE:MA) last issued 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. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the prior year, the business earned $2.65 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders 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 payout ratio is currently 22.32%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 257,630 shares of company stock worth $118,303,470. 0.13% of the stock is currently owned by insiders.

Mastercard Company 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.