ICW Investment Advisors LLC Has $4.46 Million Holdings in Mastercard Incorporated (NYSE:MA)

ICW Investment Advisors LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,455 shares of the credit services provider’s stock after selling 50 shares during the period. Mastercard comprises about 2.2% of ICW Investment Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. ICW Investment Advisors LLC’s holdings in Mastercard were worth $4,459,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after acquiring an additional 2,929,940 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after purchasing an additional 791,799 shares in the last quarter. Lone Pine Capital LLC increased its position in shares of Mastercard by 48.4% during the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after buying an additional 569,534 shares during the period. Jennison Associates LLC raised its stake in 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. Finally, Envestnet Asset Management Inc. lifted its holdings in Mastercard by 30.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after buying an additional 428,627 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 114,000 shares of Mastercard stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $462.57, for a total transaction of $52,732,980.00. Following the transaction, the insider now owns 96,767,308 shares of the company’s stock, valued at $44,761,653,661.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 114,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $462.57, for a total value of $52,732,980.00. Following the completion of the transaction, the insider now owns 96,767,308 shares of the company’s stock, valued at $44,761,653,661.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 480,630 shares of company stock valued at $221,479,470. 0.13% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock traded down $5.47 on Wednesday, hitting $445.73. 2,480,962 shares of the company’s stock were exchanged, compared to its average volume of 2,409,122. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a 50-day simple moving average of $471.12 and a 200-day simple moving average of $437.38. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $415.82 billion, a PE ratio of 37.77, a PEG ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period in the previous year, the business earned $2.65 earnings per share. As a group, equities 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. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s payout ratio is currently 22.32%.

Wall Street Analyst Weigh In

MA has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Susquehanna reissued a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Robert W. Baird upped their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada raised their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

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.