Mastercard Incorporated (NYSE:MA) Stock Position Lifted by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt grew its position in shares of Mastercard Incorporated (NYSE:MA) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,121 shares of the credit services provider’s stock after buying an additional 1,176 shares during the period. Mastercard comprises 0.9% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 21st largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Mastercard were worth $9,435,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard in the 1st quarter worth approximately $25,000. Hibernia Wealth Partners LLC bought a new stake in shares of Mastercard in the 3rd quarter worth approximately $27,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard in the 4th quarter worth approximately $27,000. Barometer Capital Management Inc. bought a new stake in shares of Mastercard in the 3rd quarter worth approximately $36,000. Finally, Mascoma Wealth Management LLC bought a new stake in shares of Mastercard in the 3rd quarter worth approximately $38,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. 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 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 transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the chief marketing officer now owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,728 shares of company stock valued at $19,479,753. Insiders own 0.13% of the company’s stock.

Mastercard Price Performance

Shares of MA traded up $0.25 during trading hours on Wednesday, hitting $460.07. 1,735,020 shares of the company were exchanged, compared to its average volume of 2,412,026. The company has a market capitalization of $429.20 billion, a PE ratio of 38.84, a PEG ratio of 1.74 and a beta of 1.08. 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 firm has a fifty day simple moving average of $471.86 and a 200-day simple moving average of $433.03. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter last year, the firm earned $2.65 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.36 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. 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 payout ratio is 22.32%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen assumed coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. The Goldman Sachs Group raised their price target on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Raymond James raised their target price on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Evercore ISI raised their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $485.91.

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.