Mastercard Incorporated (NYSE:MA) Shares Sold by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,164 shares of the credit services provider’s stock after selling 1,159 shares during the period. Mastercard accounts for about 4.0% of Gibraltar Capital Management Inc.’s investment portfolio, making the stock its 7th biggest holding. Gibraltar Capital Management Inc.’s holdings in Mastercard were worth $9,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of Mastercard by 43,445.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after buying an additional 2,929,940 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Mastercard by 3,339.9% during the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock worth $322,867,000 after buying an additional 791,799 shares during the period. Lone Pine Capital LLC boosted its position in shares of Mastercard by 48.4% during the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after buying an additional 569,534 shares during the period. Jennison Associates LLC boosted its position in shares of Mastercard by 6.9% during the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after buying an additional 515,481 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Mastercard by 30.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after buying an additional 428,627 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction 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 owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 13,542 shares of the company’s 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 completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 480,630 shares of company stock worth $221,479,470. Corporate insiders own 0.13% of the company’s stock.

Mastercard Stock Down 1.3 %

NYSE:MA traded down $5.91 during trading hours on Tuesday, hitting $451.19. 2,696,679 shares of the stock traded hands, compared to its average volume of 2,410,313. The firm has a 50 day moving average price of $471.12 and a 200 day moving average price of $437.38. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The firm has a market cap of $420.91 billion, a price-to-earnings ratio of 38.14, a PEG ratio of 1.76 and a beta of 1.08.

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, beating the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the previous year, the business earned $2.65 EPS. Equities research analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders 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 dividend yield of 0.59%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Analysts Set New Price Targets

A number of research firms have weighed in on MA. BMO Capital Markets upped 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. Raymond James upped their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. William Blair restated an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. TD Cowen began coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Finally, Royal Bank of Canada upped their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

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.