Fiduciary Group LLC Sells 201 Shares of Mastercard Incorporated (NYSE:MA)

Fiduciary Group LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,396 shares of the credit services provider’s stock after selling 201 shares during the period. Mastercard accounts for 0.9% of Fiduciary Group LLC’s investment portfolio, making the stock its 29th largest position. Fiduciary Group LLC’s holdings in Mastercard were worth $7,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in MA. Walkner Condon Financial Advisors LLC bought a new position in shares of Mastercard in the third quarter worth $202,000. Hemington Wealth Management grew its holdings in Mastercard by 29.3% during the 3rd quarter. Hemington Wealth Management now owns 1,988 shares of the credit services provider’s stock valued at $787,000 after buying an additional 450 shares in the last quarter. Arthur M. Cohen & Associates LLC increased its position in shares of Mastercard by 2.3% during the third quarter. Arthur M. Cohen & Associates LLC now owns 4,289 shares of the credit services provider’s stock valued at $1,698,000 after buying an additional 95 shares during the period. Covenant Partners LLC purchased a new stake in shares of Mastercard in the third quarter worth about $395,000. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of Mastercard by 83.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 4,945 shares of the credit services provider’s stock valued at $1,958,000 after acquiring an additional 2,253 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.1 %

Shares of MA stock traded up $0.31 during mid-day trading on Friday, reaching $462.42. 1,963,273 shares of the company’s stock traded hands, compared to its average volume of 2,212,406. The company’s 50-day moving average price is $471.35 and its 200-day moving average price is $436.35. The company has a market cap of $431.39 billion, a P/E ratio of 39.09, a P/E/G 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 Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00.

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

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued 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 presently 22.32%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Mizuho reaffirmed a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. The Goldman Sachs Group lifted their target price on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Evercore ISI raised their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Two 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $490.23.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,630 shares of company stock valued at $168,746,490. Insiders own 0.13% of the company’s stock.

About Mastercard

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.