Silver Oak Securities Incorporated Raises Stake in Mastercard Incorporated (NYSE:MA)

Silver Oak Securities Incorporated grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 107.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,048 shares of the credit services provider’s stock after purchasing an additional 1,062 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Mastercard were worth $874,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Cypress Wealth Services LLC raised its stake in Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC raised its stake in Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after purchasing an additional 24 shares during the last quarter. TRUE Private Wealth Advisors raised its stake in Mastercard by 2.4% in the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after purchasing an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO raised its stake in Mastercard by 4.4% in the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 25 shares during the last quarter. Finally, Tufton Capital Management increased its stake in shares of Mastercard by 4.5% in the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 26 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MA shares. TD Cowen started coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Evercore ISI raised their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. BMO Capital Markets raised their target price on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Raymond James raised their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Robert W. Baird raised their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Two research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction that occurred 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 transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 13,542 shares of Mastercard stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,630 shares of company stock valued at $168,746,490. Corporate insiders own 0.13% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $462.42 on Monday. The stock has a 50-day simple moving average of $471.35 and a 200-day simple moving average of $436.61. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $431.39 billion, a PE ratio of 39.09, a PEG ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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 analysts’ expectations of $6.46 billion. During the same quarter last year, the business posted $2.65 EPS. On average, analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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