Mastercard Incorporated (NYSE:MA) Shares Acquired by Channing Global Advisors LLC

Channing Global Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,037 shares of the credit services provider’s stock after acquiring an additional 96 shares during the period. Mastercard accounts for about 2.3% of Channing Global Advisors LLC’s investment portfolio, making the stock its 14th largest position. Channing Global Advisors LLC’s holdings in Mastercard were worth $3,001,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MA. LFA Lugano Financial Advisors SA purchased a new position in Mastercard in the 4th quarter valued at about $27,000. Criterion Capital Advisors LLC purchased a new position in Mastercard in the 4th quarter valued at about $33,000. Barometer Capital Management Inc. purchased a new position in Mastercard in the 3rd quarter valued at about $36,000. Thomas J. Herzfeld Advisors Inc. lifted its holdings in Mastercard by 661.5% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 86 shares in the last quarter. Finally, JCIC Asset Management Inc. lifted its holdings in Mastercard by 34.0% in the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after purchasing an additional 34 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the transaction, the insider now directly owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00. Following the sale, the insider now directly owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,630 shares of company stock worth $168,746,490. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MA shares. BMO Capital Markets upped their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. KeyCorp raised their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, February 1st. Robert W. Baird increased their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Raymond James raised their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada raised their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Stock Up 0.2 %

NYSE:MA traded up $1.02 on Friday, hitting $463.13. 523,218 shares of the company’s stock traded hands, compared to its average volume of 2,392,101. The company has a market cap of $432.05 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. 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 1 year low of $357.85 and a 1 year high of $490.00. The firm has a 50-day moving average price of $471.46 and a 200-day moving average price of $435.63.

Mastercard (NYSE:MA) last announced its quarterly 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 return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the company earned $2.65 EPS. Equities analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is currently 22.32%.

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.