MRP Capital Investments LLC Buys Shares of 500 Mastercard Incorporated (NYSE:MA)

MRP Capital Investments LLC bought a new stake in shares of Mastercard Incorporated (NYSE:MAFree Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 500 shares of the credit services provider’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds also recently bought and sold shares of MA. State Street Corp grew its stake in shares of Mastercard by 3.9% in the 1st quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after buying an additional 1,303,477 shares in the last quarter. Morgan Stanley grew its stake in shares of Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock valued at $5,509,328,000 after buying an additional 2,385,640 shares in the last quarter. Norges Bank bought a new stake in shares of Mastercard in the 4th quarter valued at approximately $3,308,223,000. Northern Trust Corp grew its stake in shares of Mastercard by 2.9% in the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after buying an additional 251,516 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Mastercard by 3.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 8,420,213 shares of the credit services provider’s stock valued at $3,311,670,000 after buying an additional 318,077 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA traded down $2.92 during trading hours on Friday, reaching $465.39. The stock had a trading volume of 2,486,322 shares, compared to its average volume of 2,435,187. The business’s fifty day moving average is $471.81 and its two-hundred day moving average is $431.64. 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 company has a market cap of $434.16 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 1.78 and a beta of 1.08. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00.

Mastercard (NYSE:MAGet Free Report) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period in the prior year, the company posted $2.65 earnings per share. As a group, research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. 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 22.32%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MA. Mizuho reissued a “buy” rating and issued a $480.00 price target on shares of Mastercard in a research note on Wednesday, March 27th. TD Cowen began coverage on Mastercard in a report on Thursday. They issued a “buy” rating and a $545.00 target price for the company. The Goldman Sachs Group boosted 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. William Blair restated an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Finally, Wells Fargo & Company boosted their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.82.

Get Our Latest Analysis on MA

Insider Activity at Mastercard

In other Mastercard news, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $435.00, for a total value of $1,740,000.00. Following the sale, the insider now directly owns 6,235 shares in the company, valued at $2,712,225. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, insider Ajay Bhalla sold 4,000 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $435.00, for a total value of $1,740,000.00. Following the sale, the insider now directly owns 6,235 shares in the company, valued at $2,712,225. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Over the last ninety days, insiders sold 41,728 shares of company stock worth $19,479,753. 0.13% of the stock is owned by corporate insiders.

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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