Mastercard Incorporated (NYSE:MA) Shares Bought by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. increased its stake in Mastercard Incorporated (NYSE:MA) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,269 shares of the credit services provider’s stock after purchasing an additional 63 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Mastercard were worth $668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. State Street Corp increased its position in shares of Mastercard by 0.7% during the 3rd quarter. State Street Corp now owns 35,288,912 shares of the credit services provider’s stock valued at $17,425,665,000 after purchasing an additional 257,312 shares during the period. Geode Capital Management LLC raised its stake in shares of Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock worth $9,043,972,000 after buying an additional 453,773 shares in the last quarter. Norges Bank acquired a new stake in shares of Mastercard in the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP boosted its stake in Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after buying an additional 817,836 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 3.0 %

Shares of NYSE MA opened at $540.57 on Monday. The stock has a market cap of $492.84 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 2.37 and a beta of 1.10. The business has a 50 day simple moving average of $550.58 and a 200 day simple moving average of $527.19. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, April 9th. This represents a $3.04 annualized dividend and a yield of 0.56%. Mastercard’s dividend payout ratio (DPR) is currently 21.89%.

Mastercard announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to reacquire up to 2.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Monness Crespi & Hardt upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $640.00 price target on the stock in a research report on Friday, January 31st. Raymond James reiterated an “outperform” rating and issued a $640.00 target price (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Morgan Stanley reduced their target price on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. KeyCorp upped their price target on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Seaport Res Ptn lowered Mastercard from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $606.11.

Insiders Place Their Bets

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Mastercard Company 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.