Intelligence Driven Advisers LLC Has $1.29 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Intelligence Driven Advisers LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 45.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,878 shares of the credit services provider’s stock after buying an additional 904 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Mastercard were worth $1,293,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in MA. FinTrust Capital Advisors LLC raised its stake in shares of Mastercard by 26.6% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,046 shares of the credit services provider’s stock valued at $414,000 after buying an additional 220 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Mastercard by 3.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 283,417 shares of the credit services provider’s stock valued at $112,208,000 after buying an additional 9,905 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in shares of Mastercard by 3.8% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,803 shares of the credit services provider’s stock worth $2,693,000 after purchasing an additional 247 shares in the last quarter. Talbot Financial LLC increased its position in shares of Mastercard by 1.6% during the 3rd quarter. Talbot Financial LLC now owns 14,375 shares of the credit services provider’s stock worth $5,691,000 after purchasing an additional 227 shares in the last quarter. Finally, Redwood Investments LLC increased its position in shares of Mastercard by 145.8% during the 3rd quarter. Redwood Investments LLC now owns 5,130 shares of the credit services provider’s stock worth $2,031,000 after purchasing an additional 3,043 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.0 %

Shares of NYSE:MA traded down $0.08 during mid-day trading on Thursday, reaching $441.99. The stock had a trading volume of 2,256,565 shares, compared to its average volume of 2,437,372. The firm has a market cap of $412.33 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The firm has a 50 day simple moving average of $470.78 and a two-hundred day simple moving average of $437.42. 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 twelve month low of $357.85 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company posted $2.80 EPS. On average, research analysts predict that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is 22.32%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MA. Mizuho dropped their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday. Wells Fargo & Company increased their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Morgan Stanley dropped their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday. Susquehanna reiterated a “positive” rating and set a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, BMO Capital Markets increased their target price 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 investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.55.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the sale, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 467,088 shares of company stock worth $215,249,338. Company 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.