Mastercard Incorporated (NYSE:MA) Shares Acquired by Pointe Capital Management LLC

Pointe Capital Management LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,626 shares of the credit services provider’s stock after buying an additional 180 shares during the quarter. Mastercard comprises 0.8% of Pointe Capital Management LLC’s portfolio, making the stock its 26th largest position. Pointe Capital Management LLC’s holdings in Mastercard were worth $1,120,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after purchasing an additional 2,929,940 shares during the period. Assenagon Asset Management S.A. grew its stake in Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after buying an additional 791,799 shares during the last quarter. Lone Pine Capital LLC increased its position in Mastercard by 48.4% in the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after buying an additional 569,534 shares during the period. Jennison Associates LLC lifted its stake in Mastercard by 6.9% in the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after buying an additional 515,481 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after acquiring an additional 428,627 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.6 %

Mastercard stock traded up $2.48 during mid-day trading on Friday, hitting $443.58. The company’s stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00. The company has a market cap of $413.81 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.17. The firm’s 50 day moving average is $469.57 and its 200 day moving average is $437.74.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the firm earned $2.80 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, analysts anticipate that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Dividend Announcement

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 paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio is 20.99%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. In the last quarter, insiders sold 583,088 shares of company stock worth $266,873,978. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MA. Robert W. Baird increased their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Oppenheimer restated an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a research note on Thursday, February 1st. Raymond James boosted their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Morgan Stanley lowered their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada lifted their target price on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $493.55.

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.