Bear Mountain Capital Inc. Makes New $86,000 Investment in Mastercard Incorporated (NYSE:MA)

Bear Mountain Capital Inc. acquired a new position in Mastercard Incorporated (NYSE:MAFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 200 shares of the credit services provider’s stock, valued at approximately $86,000.

Other large investors have also modified their holdings of the company. Conning Inc. raised its position in shares of Mastercard by 2.2% during the 4th quarter. Conning Inc. now owns 16,295 shares of the credit services provider’s stock worth $6,950,000 after purchasing an additional 349 shares during the last quarter. Vontobel Holding Ltd. grew its stake in Mastercard by 12.0% during the 4th quarter. Vontobel Holding Ltd. now owns 569,639 shares of the credit services provider’s stock valued at $242,957,000 after acquiring an additional 61,232 shares in the last quarter. River Street Advisors LLC grew its stake in Mastercard by 6.3% during the 4th quarter. River Street Advisors LLC now owns 2,301 shares of the credit services provider’s stock valued at $981,000 after acquiring an additional 137 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Mastercard by 0.5% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 125,748 shares of the credit services provider’s stock valued at $53,633,000 after acquiring an additional 619 shares in the last quarter. Finally, Sumitomo Life Insurance Co. grew its stake in Mastercard by 68.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 19,931 shares of the credit services provider’s stock valued at $8,501,000 after acquiring an additional 8,119 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction dated 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 sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction dated 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 sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,728 shares of company stock valued at $19,479,753. Corporate insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA traded down $2.93 during midday trading on Friday, hitting $465.38. The stock had a trading volume of 2,486,361 shares, compared to its average volume of 2,293,737. The company has a market capitalization of $434.15 billion, a PE ratio of 39.34, a P/E/G ratio of 1.77 and a beta of 1.08. The stock has a 50 day moving average price of $471.81 and a two-hundred day moving average price of $431.90. 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 1 year low of $357.85 and a 1 year high of $490.00.

Mastercard (NYSE:MAGet Free Report) last issued 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. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same quarter in the previous year, the firm earned $2.65 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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 issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MA. Royal Bank of Canada upped their price objective 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. KeyCorp upped their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. The Goldman Sachs Group increased their price target on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Wells Fargo & Company increased their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Two 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. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $484.82.

Read Our Latest Research Report on MA

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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