Dohj LLC Makes New Investment in Mastercard Incorporated (NYSE:MA)

Dohj LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 878 shares of the credit services provider’s stock, valued at approximately $374,000.

A number of other hedge funds have also made changes to their positions in MA. Activest Wealth Management grew its position in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock worth $229,000 after acquiring an additional 250 shares in the last quarter. Cross Staff Investments Inc increased its stake in Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after purchasing an additional 441 shares during the last quarter. Everett Harris & Co. CA raised its holdings in shares of Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the period. Atlantic Union Bankshares Corp raised its holdings in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp lifted its position in shares of Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Mizuho reiterated a “buy” rating and set a $480.00 price objective on shares of Mastercard in a research note on Wednesday, March 27th. The Goldman Sachs Group boosted their price objective on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Raymond James upped their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Oppenheimer reiterated an “outperform” rating and issued a $510.00 target price on shares of Mastercard in a research note on Thursday, February 1st. Finally, BMO Capital Markets upped their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Price Performance

Shares of MA traded up $0.31 during midday trading on Friday, reaching $462.42. The stock had a trading volume of 1,963,273 shares, compared to its average volume of 2,212,406. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company 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. The firm’s 50 day moving average price is $471.35 and its 200-day moving average price is $436.10. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations 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 business earned $2.65 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 13,542 shares of the 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 completion of the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 366,630 shares of company stock valued at $168,746,490. Corporate insiders own 0.13% of the company’s stock.

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.