Mastercard Incorporated (NYSE:MA) Shares Purchased by Oakworth Capital Inc.

Oakworth Capital Inc. boosted its position in Mastercard Incorporated (NYSE:MA) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,689 shares of the credit services provider’s stock after acquiring an additional 167 shares during the quarter. Oakworth Capital Inc.’s holdings in Mastercard were worth $1,147,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Mastercard by 3.9% in the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after acquiring an additional 1,303,477 shares during the period. Morgan Stanley lifted its stake in Mastercard by 17.7% in the 4th quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after acquiring an additional 2,385,640 shares in the last quarter. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter valued at about $3,308,223,000. Northern Trust Corp increased its holdings in shares of Mastercard by 2.9% during 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 acquiring an additional 251,516 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Mastercard by 3.9% during 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 acquiring an additional 318,077 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock traded up $0.42 during trading on Wednesday, hitting $460.24. The stock had a trading volume of 1,033,555 shares, compared to its average volume of 2,402,064. The stock has a market cap of $429.35 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The stock’s 50 day moving average is $471.86 and its two-hundred day moving average is $433.03. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year 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.

Mastercard (NYSE:MA) last posted 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. The firm had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the prior year, the business posted $2.65 earnings per share. As a group, analysts predict that Mastercard Incorporated will post 14.36 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 yield of 0.57%. Mastercard’s dividend payout ratio is presently 22.32%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the 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 transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s 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 sale, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold a total of 41,728 shares of company stock valued at $19,479,753 over the last 90 days. 0.13% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. BMO Capital Markets raised their target price on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Susquehanna restated a “positive” rating and set a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Wells Fargo & Company raised their target price on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $485.91.

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.