Well Done LLC Makes New $220,000 Investment in Mastercard Incorporated (NYSE:MA)

Well Done LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 515 shares of the credit services provider’s stock, valued at approximately $220,000.

A number of other hedge funds have also modified their holdings of the business. Bornite Capital Management LP purchased a new stake in shares of Mastercard in the first quarter valued at about $21,442,000. United Bank grew its holdings in shares of Mastercard by 34.5% in the first quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after purchasing an additional 1,541 shares during the period. Mackenzie Financial Corp grew its holdings in shares of Mastercard by 30.1% in the first quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after purchasing an additional 63,040 shares during the period. First Western Trust Bank purchased a new stake in shares of Mastercard in the first quarter valued at about $1,168,000. Finally, Bridgewater Associates LP purchased a new stake in shares of Mastercard in the first quarter valued at about $12,926,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. The Goldman Sachs Group increased their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Raymond James increased their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Mizuho reaffirmed a “buy” rating and set a $480.00 target price on shares of Mastercard in a research note on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $479.62.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 transaction, the insider now directly 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 SEC, which is accessible through this link. In other Mastercard news, insider Ajay Bhalla sold 98 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the sale, the insider now directly owns 6,235 shares in the company, valued at approximately $2,740,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following 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. Insiders have sold a total of 50,628 shares of company stock worth $23,309,067 in the last three months. Insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

Shares of MA traded up $2.45 during mid-day trading on Thursday, reaching $480.40. 908,593 shares of the company’s stock were exchanged, compared to its average volume of 2,420,759. 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 stock has a market capitalization of $448.16 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The business’s fifty day simple moving average is $463.16 and its 200-day simple moving average is $426.09. Mastercard Incorporated has a 52-week low of $355.82 and a 52-week 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 business 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 period last year, the firm posted $2.65 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 14.35 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 $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 0.55%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Mastercard announced that its Board of Directors has approved a stock repurchase program on Tuesday, December 5th that authorizes the company to buyback $11.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to purchase up to 2.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

About Mastercard

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.