Mastercard Incorporated (NYSE:MA) Shares Sold by WD Rutherford LLC

WD Rutherford LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,602 shares of the credit services provider’s stock after selling 115 shares during the quarter. Mastercard comprises about 2.3% of WD Rutherford LLC’s portfolio, making the stock its 18th biggest holding. WD Rutherford LLC’s holdings in Mastercard were worth $3,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of MA. LFA Lugano Financial Advisors SA purchased a new stake in Mastercard during the fourth quarter worth about $27,000. Criterion Capital Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $33,000. Barometer Capital Management Inc. purchased a new stake in shares of Mastercard during the third quarter worth approximately $36,000. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Mastercard by 661.5% during the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock worth $39,000 after buying an additional 86 shares during the period. Finally, JCIC Asset Management Inc. increased its stake in shares of Mastercard by 34.0% during the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock worth $57,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’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 completion of the sale, the insider now owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’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 completion of the sale, the insider now owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 366,630 shares of company stock valued at $168,746,490. 0.13% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. Royal Bank of Canada upped their target price on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Evercore ISI upped their target price on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. The Goldman Sachs Group increased their price target on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. BMO Capital Markets increased their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, KeyCorp increased their price target on shares of Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note 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 company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $490.23.

Mastercard Price Performance

Shares of NYSE MA opened at $462.42 on Friday. 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 fifty day moving average price of $471.35 and a 200 day moving average price of $436.10. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The company has a market cap of $431.39 billion, a PE ratio of 39.09, a P/E/G ratio of 1.75 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping 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 firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period last year, the company earned $2.65 earnings per share. Sell-side analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

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

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.