F M Investments LLC Trims Holdings in Mastercard Incorporated (NYSE:MA)

F M Investments LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 778 shares of the credit services provider’s stock after selling 65 shares during the period. F M Investments LLC’s holdings in Mastercard were worth $332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MA. Naples Global Advisors LLC increased its holdings in Mastercard by 109.2% during the 3rd quarter. Naples Global Advisors LLC now owns 2,186 shares of the credit services provider’s stock valued at $865,000 after purchasing an additional 1,141 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of Mastercard by 18.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 3,392 shares of the credit services provider’s stock worth $1,343,000 after acquiring an additional 531 shares during the period. 1900 Wealth Management LLC grew its holdings in shares of Mastercard by 111.2% during the 3rd quarter. 1900 Wealth Management LLC now owns 1,451 shares of the credit services provider’s stock worth $574,000 after acquiring an additional 764 shares during the period. Park Place Capital Corp boosted its position in shares of Mastercard by 9.3% in the 3rd quarter. Park Place Capital Corp now owns 3,114 shares of the credit services provider’s stock worth $1,233,000 after purchasing an additional 264 shares in the last quarter. Finally, Founders Financial Securities LLC boosted its position in shares of Mastercard by 2.9% in the 3rd quarter. Founders Financial Securities LLC now owns 2,919 shares of the credit services provider’s stock worth $1,156,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $457.46, for a total value of $49,863,140.00. Following the completion of the transaction, the insider now owns 97,215,308 shares in the company, valued at $44,472,114,797.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $457.46, for a total value of $49,863,140.00. Following the completion of the transaction, the insider now owns 97,215,308 shares in the company, valued at $44,472,114,797.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 257,630 shares of company stock worth $118,303,470. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. The Goldman Sachs Group raised their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Finally, TD Cowen initiated coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Price Performance

Shares of MA stock traded up $5.87 during trading hours on Tuesday, hitting $462.62. The stock had a trading volume of 2,027,850 shares, compared to its average volume of 2,400,298. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. 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 stock’s 50-day moving average price is $471.71 and its two-hundred day moving average price is $435.26. The stock has a market capitalization of $431.57 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 1.73 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the firm posted $2.65 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

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

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.