RB Capital Management LLC Boosts Stock Position in Mastercard Incorporated (NYSE:MA)

RB Capital Management LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,725 shares of the credit services provider’s stock after acquiring an additional 235 shares during the quarter. Mastercard accounts for about 1.1% of RB Capital Management LLC’s portfolio, making the stock its 22nd biggest holding. RB Capital Management LLC’s holdings in Mastercard were worth $3,721,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in MA. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard during the 4th quarter worth $27,000. Criterion Capital Advisors LLC acquired a new stake in Mastercard in the 4th quarter valued at approximately $33,000. Barometer Capital Management Inc. acquired a new position in Mastercard during the third quarter worth $36,000. Thomas J. Herzfeld Advisors Inc. boosted its position in shares of 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 buying an additional 86 shares during the period. Finally, JCIC Asset Management Inc. grew its stake in shares of Mastercard by 34.0% in the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after buying an additional 34 shares in 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 issued reports on the stock. Robert W. Baird increased their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Wells Fargo & Company upped their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Mizuho reissued a “buy” rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Raymond James raised their price objective on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, BMO Capital Markets lifted their price target on 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction that occurred 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 directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Miebach sold 7,851 shares of the business’s 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 transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders sold a total of 480,630 shares of company stock valued at $221,479,470 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Mastercard Price Performance

NYSE:MA traded down $9.13 during mid-day trading on Wednesday, hitting $442.07. 4,974,512 shares of the company’s stock traded hands, compared to its average volume of 2,428,986. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50 day simple moving average is $471.12 and its 200 day simple moving average is $437.38. The company has a market cap of $412.40 billion, a PE ratio of 37.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter last year, the business earned $2.65 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

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

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.