Syon Capital LLC Has $3.60 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Syon Capital LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 26.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,440 shares of the credit services provider’s stock after buying an additional 1,767 shares during the period. Syon Capital LLC’s holdings in Mastercard were worth $3,600,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Cypress Wealth Services LLC boosted its stake in Mastercard by 2.9% during the 4th 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 stake in shares of Mastercard by 1.2% in the 4th 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 in the last quarter. TRUE Private Wealth Advisors raised its holdings in shares of Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after purchasing an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO lifted 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 valued at $255,000 after purchasing an additional 25 shares in the last quarter. Finally, Tufton Capital Management boosted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MA. JPMorgan Chase & Co. upped their price objective on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. KeyCorp boosted their target price 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. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Wells Fargo & Company raised their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, BMO Capital Markets upped their price target on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $490.23.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction 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 transaction, 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 legal filing with the SEC, which can be accessed through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at approximately $5,832,644.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the transaction, the insider now owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 366,630 shares of company stock valued at $168,746,490. Insiders own 0.13% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA traded up $0.31 during mid-day trading on Friday, reaching $462.42. 1,962,799 shares of the company were exchanged, compared to its average volume of 2,410,264. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. The company’s 50 day moving average price is $471.46 and its 200 day moving average price is $435.63. The stock has a market capitalization of $431.39 billion, a PE ratio of 39.07, a PEG ratio of 1.76 and a beta of 1.08. 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 (NYSE:MA) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (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 period in the prior year, the business earned $2.65 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal 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 paid 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 0.57%. Mastercard’s dividend payout ratio (DPR) is currently 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.