Allen Capital Group LLC Invests $217,000 in Mastercard Incorporated (NYSE:MA)

Allen Capital Group LLC bought a new position in Mastercard Incorporated (NYSE:MA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 508 shares of the credit services provider’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also modified their holdings of MA. Cypress Wealth Services LLC raised its stake in Mastercard by 2.9% during the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after buying an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC raised its stake in Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after buying an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO raised its stake in Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after buying an additional 25 shares during the last quarter. Cassia Capital Partners LLC raised its stake in Mastercard by 2.1% during the third quarter. Cassia Capital Partners LLC now owns 1,240 shares of the credit services provider’s stock worth $491,000 after buying an additional 26 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in Mastercard by 8.4% during the third quarter. Armstrong Advisory Group Inc. now owns 348 shares of the credit services provider’s stock worth $138,000 after buying an additional 27 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 41,728 shares of company stock worth $19,479,753. 0.13% of the stock is owned by insiders.

Mastercard Stock Down 0.1 %

Mastercard stock opened at $459.50 on Wednesday. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The stock has a market cap of $428.66 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The firm’s 50-day simple moving average is $471.86 and its 200 day simple moving average is $433.03. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17.

Mastercard (NYSE:MA) last released 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 net margin of 44.60% and a return on equity of 191.22%. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the previous year, the company earned $2.65 earnings per share. Research analysts predict that Mastercard Incorporated will post 14.36 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Evercore ISI lifted 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. JPMorgan Chase & Co. lifted their target price on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday. The Goldman Sachs Group lifted 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. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, Monness Crespi & Hardt assumed coverage on shares of Mastercard in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $485.91.

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.