Tyche Wealth Partners LLC Invests $3.05 Million in Mastercard Incorporated (NYSE:MA)

Tyche Wealth Partners LLC purchased a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,149 shares of the credit services provider’s stock, valued at approximately $3,049,000. Mastercard makes up about 0.7% of Tyche Wealth Partners LLC’s investment portfolio, making the stock its 28th biggest holding.

A number of other hedge funds have also made changes to their positions in the stock. Bornite Capital Management LP bought a new position in Mastercard during the first quarter valued at approximately $21,442,000. United Bank raised its position in Mastercard by 34.5% during the first quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after acquiring an additional 1,541 shares in the last quarter. Mackenzie Financial Corp raised its position in Mastercard by 30.1% during the first quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after acquiring an additional 63,040 shares in the last quarter. First Western Trust Bank bought a new position in Mastercard during the first quarter valued at approximately $1,168,000. Finally, Bridgewater Associates LP bought a new position in Mastercard during the first quarter valued at approximately $12,926,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

MA traded down $0.29 during trading on Tuesday, reaching $459.50. 1,787,160 shares of the company’s stock were exchanged, compared to its average volume of 2,421,027. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The business has a 50 day moving average price of $471.87 and a 200 day moving average price of $432.58. The company has a market capitalization of $428.66 billion, a P/E ratio of 38.95, a PEG ratio of 1.77 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The company 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 last year, the business earned $2.65 earnings per share. As a group, analysts predict 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. Shareholders of record on Tuesday, April 9th will be issued 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 payout ratio is presently 22.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at $22,672,828.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated 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 of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 41,728 shares of company stock valued at $19,479,753. 0.13% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. KeyCorp lifted their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Raymond James lifted their price target on shares of Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. JPMorgan Chase & Co. lifted their price target on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday. Finally, The Goldman Sachs Group lifted their price target 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. Two research 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’s stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $485.91.

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.