Mastercard Incorporated (NYSE:MA) Shares Purchased by Vulcan Value Partners LLC

Vulcan Value Partners LLC raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 655,145 shares of the credit services provider's stock after purchasing an additional 11,466 shares during the quarter. Mastercard comprises approximately 5.8% of Vulcan Value Partners LLC's holdings, making the stock its 7th biggest holding. Vulcan Value Partners LLC owned approximately 0.07% of Mastercard worth $344,912,000 at the end of the most recent reporting period.

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Several other institutional investors also recently made changes to their positions in the stock. Susquehanna Fundamental Investments LLC purchased a new position in Mastercard in the fourth quarter valued at about $5,565,000. Virtus ETF Advisers LLC boosted its holdings in Mastercard by 12.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 2,268 shares of the credit services provider's stock worth $1,194,000 after acquiring an additional 247 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of Mastercard by 1.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 27,893 shares of the credit services provider's stock valued at $14,688,000 after purchasing an additional 436 shares during the period. UP Strategic Wealth Investment Advisors LLC lifted its position in shares of Mastercard by 12.6% during the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 2,209 shares of the credit services provider's stock worth $1,163,000 after purchasing an additional 247 shares in the last quarter. Finally, Three Seasons Wealth LLC purchased a new position in shares of Mastercard in the fourth quarter valued at $2,353,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Down 0.4 %

MA opened at $533.26 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The stock's 50 day moving average price is $534.04 and its 200 day moving average price is $529.89. The stock has a market cap of $486.18 billion, a P/E ratio of 38.39, a P/E/G ratio of 2.37 and a beta of 1.06.

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Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard's dividend payout ratio is presently 21.89%.

Wall Street Analysts Forecast Growth

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MA has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on shares of Mastercard from $600.00 to $660.00 and gave the stock a "buy" rating in a report on Friday, January 31st. William Blair restated an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Seaport Res Ptn downgraded shares of Mastercard from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Raymond James reaffirmed an "outperform" rating and issued a $640.00 price target (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $607.96.

Read Our Latest Analysis on Mastercard

Insiders Place Their Bets

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the firm's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares of the company's stock, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This trade represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

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.

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