Overbrook Management Corp Sells 24 Shares of Mastercard Incorporated (NYSE:MA)

Overbrook Management Corp cut its position in shares of Mastercard Incorporated (NYSE:MA) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,654 shares of the credit services provider’s stock after selling 24 shares during the period. Mastercard comprises about 0.7% of Overbrook Management Corp’s investment portfolio, making the stock its 29th largest position. Overbrook Management Corp’s holdings in Mastercard were worth $3,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MA. Northern Trust Corp boosted its stake in Mastercard by 2.9% in the 3rd quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider’s stock valued at $3,593,025,000 after buying an additional 251,516 shares in the last quarter. Jennison Associates LLC boosted its stake in Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after buying an additional 515,481 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Mastercard by 5.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after buying an additional 306,663 shares in the last quarter. Royal Bank of Canada boosted its stake in Mastercard by 1.1% in the 3rd quarter. Royal Bank of Canada now owns 5,314,881 shares of the credit services provider’s stock valued at $2,104,214,000 after buying an additional 56,642 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Mastercard by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,557,530 shares of the credit services provider’s stock valued at $1,804,372,000 after buying an additional 16,019 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.1 %

NYSE MA opened at $462.42 on Friday. The firm has a market cap of $431.39 billion, a P/E ratio of 39.09, a P/E/G ratio of 1.75 and a beta of 1.08. 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 stock’s 50-day moving average is $471.35 and its 200-day moving average is $436.10. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter last year, the firm posted $2.65 earnings per share. Sell-side analysts anticipate that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is currently 22.32%.

Analyst Ratings Changes

Several analysts recently commented on the company. TD Cowen assumed coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Royal Bank of Canada boosted their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Robert W. Baird boosted their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. KeyCorp boosted their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Company boosted their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Transactions at Mastercard

In related news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the sale, the insider now directly owns 96,996,308 shares in the company, valued at approximately $44,887,951,416.24. The disclosure for this sale can be found here. Insiders have sold a total of 366,630 shares of company stock valued at $168,746,490 over the last 90 days. 0.13% of the stock is owned by company 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.