Magnolia Capital Advisors LLC Grows Stock Position in Mastercard Incorporated (NYSE:MA)

Magnolia Capital Advisors LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 42.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 779 shares of the credit services provider’s stock after acquiring an additional 233 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Mastercard were worth $347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard during the fourth quarter worth about $27,000. Criterion Capital Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth about $33,000. Barometer Capital Management Inc. acquired a new stake in Mastercard during the third quarter worth about $36,000. Thomas J. Herzfeld Advisors Inc. increased its stake in Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 86 shares during the last quarter. Finally, JCIC Asset Management Inc. increased its stake in Mastercard by 34.0% during the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after acquiring an additional 34 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MA shares. Raymond James increased their target price on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. BMO Capital Markets increased their target price on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Wells Fargo & Company increased their target price on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Evercore ISI increased their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Mizuho reiterated a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Stock Performance

MA traded down $0.32 during trading hours on Wednesday, hitting $462.50. The company’s stock had a trading volume of 3,982,723 shares, compared to its average volume of 2,420,361. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $431.46 billion, a PE ratio of 39.10, a PEG ratio of 1.73 and a beta of 1.08. The company has a 50-day simple moving average of $471.65 and a 200 day simple moving average of $435.45.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating 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 last year, the firm earned $2.65 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

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

Insider Activity

In other news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction on 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 transaction, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was 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 directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 257,630 shares of company stock worth $118,303,470. 0.13% of the stock is owned by company insiders.

Mastercard Company 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.