Mastercard Incorporated (NYSE:MA) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 36,493 shares of the credit services provider’s stock after selling 69 shares during the quarter. Mastercard accounts for 3.3% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 3rd biggest position. Duncker Streett & Co. Inc.’s holdings in Mastercard were worth $15,565,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Mastercard by 3.9% in the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider’s stock valued at $12,632,032,000 after buying an additional 1,303,477 shares during the last quarter. Morgan Stanley increased its stake in shares of Mastercard by 17.7% during the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider’s stock worth $5,509,328,000 after purchasing an additional 2,385,640 shares during the period. Norges Bank bought a new position in shares of Mastercard during the fourth quarter worth approximately $3,308,223,000. Northern Trust Corp increased its stake in shares of Mastercard by 2.9% during the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock worth $3,593,025,000 after purchasing an additional 251,516 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in shares of Mastercard by 3.9% during the second quarter. Nuveen Asset Management LLC now owns 8,420,213 shares of the credit services provider’s stock worth $3,311,670,000 after purchasing an additional 318,077 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Up 0.0 %

Shares of MA stock traded up $0.03 during mid-day trading on Wednesday, hitting $459.82. The company’s stock had a trading volume of 1,787,264 shares, compared to its average volume of 2,209,005. The company’s fifty day simple moving average is $471.86 and its 200-day simple moving average is $433.03. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00. 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 company has a market cap of $428.96 billion, a PE ratio of 38.84, a P/E/G ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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 analyst estimates of $6.46 billion. During the same period last year, the company posted $2.65 EPS. As a group, equities research analysts expect that Mastercard Incorporated will post 14.36 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given 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 payout ratio is 22.32%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday. Evercore ISI lifted their price target on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Royal Bank of Canada lifted their price target on Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Monness Crespi & Hardt started coverage on Mastercard in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Finally, Oppenheimer reiterated an “outperform” rating and issued a $510.00 price target on shares of Mastercard in a research note on Thursday, February 1st. Two analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $485.91.

Insider Activity at Mastercard

In related news, insider Ajay Bhalla sold 98 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the business’s 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 completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ajay Bhalla sold 98 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at $2,740,407.20. The disclosure for this sale can be found here. Insiders sold 41,728 shares of company stock valued at $19,479,753 in the last three months. Corporate insiders own 0.13% of the company’s stock.

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.