Overbrook Management Corp Sells 24 Shares of Mastercard Incorporated (NYSE:MA)

Overbrook Management Corp reduced its stake in Mastercard Incorporated (NYSE:MA) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,654 shares of the credit services provider’s stock after selling 24 shares during the period. Mastercard makes up approximately 0.7% of Overbrook Management Corp’s portfolio, making the stock its 29th biggest position. Overbrook Management Corp’s holdings in Mastercard were worth $3,265,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of Mastercard by 2.9% in 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. Jennison Associates LLC raised its position in shares of Mastercard by 6.9% in the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after buying an additional 515,481 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Mastercard by 5.9% in the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after buying an additional 306,663 shares in the last quarter. Royal Bank of Canada raised its position in shares of Mastercard by 1.1% in the third quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock worth $2,104,214,000 after buying an additional 56,642 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Mastercard by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock worth $1,804,372,000 after buying an additional 16,019 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Mastercard Price Performance

NYSE MA opened at $462.42 on Friday. The firm’s fifty day simple moving average is $471.35 and its two-hundred day simple moving average is $436.10. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 12-month low of $357.85 and a 12-month high of $490.00. The firm has a market capitalization of $431.39 billion, a P/E ratio of 39.09, a P/E/G ratio of 1.75 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period in the previous year, the company earned $2.65 earnings per share. Analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced 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. 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 0.57%. Mastercard’s dividend payout ratio is presently 22.32%.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00. Following the sale, the insider now directly owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the sale, the insider now directly owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The disclosure for this sale can be found here. Insiders have sold 366,630 shares of company stock worth $168,746,490 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MA. Susquehanna restated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. TD Cowen began coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Oppenheimer restated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. 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 report on Monday, April 15th. Finally, William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Two equities research 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. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $490.23.

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.