Mastercard Incorporated (NYSE:MA) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,034 shares of the credit services provider’s stock after buying an additional 1,089 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Mastercard were worth $2,574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MA. International Assets Investment Management LLC lifted its holdings in Mastercard by 43,445.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Mastercard by 3,339.9% during the third quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after purchasing an additional 791,799 shares in the last quarter. Lone Pine Capital LLC lifted its stake in shares of Mastercard by 48.4% in the third quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock worth $691,394,000 after buying an additional 569,534 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Mastercard by 6.9% in the third quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock worth $3,153,957,000 after buying an additional 515,481 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Mastercard by 30.4% in the third quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock worth $728,113,000 after buying an additional 428,627 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. KeyCorp raised their price target on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Raymond James raised their price target on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. raised their price target on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Royal Bank of Canada raised their price target on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Mastercard Stock Up 1.1 %

Shares of MA stock traded up $5.16 during trading on Tuesday, reaching $461.91. The company’s stock had a trading volume of 1,272,014 shares, compared to its average volume of 2,389,599. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $430.91 billion, a price-to-earnings ratio of 38.63, a P/E/G ratio of 1.73 and a beta of 1.08. The stock’s 50-day moving average price is $471.66 and its 200 day moving average price is $434.80. 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 for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the previous year, the business posted $2.65 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders 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 of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the transaction, the insider now owns 97,215,308 shares in the company, valued at approximately $44,472,114,797.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the sale, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the sale, the insider now owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The disclosure for this sale can be found here. Insiders sold 257,630 shares of company stock worth $118,303,470 in the last 90 days. Corporate insiders own 0.13% of the company’s stock.

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.