Yoder Wealth Management Inc. Purchases New Holdings in Mastercard Incorporated (NYSE:MA)

Yoder Wealth Management Inc. acquired a new stake in Mastercard Incorporated (NYSE:MA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 503 shares of the credit services provider’s stock, valued at approximately $215,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cypress Wealth Services LLC lifted its position in shares of 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 purchasing an additional 24 shares in the last quarter. Syntegra Private Wealth Group LLC raised its holdings in Mastercard by 1.2% in the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares during the period. TRUE Private Wealth Advisors raised its holdings in Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after purchasing an additional 24 shares during the period. Indiana Trust & Investment Management CO raised its holdings in Mastercard by 4.4% in the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after purchasing an additional 25 shares during the period. Finally, Tufton Capital Management increased its position in shares of Mastercard by 4.5% during the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after acquiring an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.31 during midday trading on Friday, hitting $462.42. 1,963,273 shares of the company traded hands, compared to its average volume of 2,212,406. The stock has a market cap of $431.39 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 1.75 and a beta of 1.08. 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 firm’s fifty day moving average price is $471.35 and its 200-day moving average price is $436.10. Mastercard Incorporated has a 12 month low of $357.85 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same period in the previous year, the firm posted $2.65 EPS. As a group, sell-side analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s 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 transaction, the insider now owns 96,996,308 shares in the company, valued at approximately $44,887,951,416.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $6,230,132.52. Following the transaction, the insider now owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the transaction, the insider now 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 366,630 shares of company stock valued at $168,746,490 in the last ninety days. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. Wells Fargo & Company increased their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Royal Bank of Canada raised their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. BMO Capital Markets raised their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Mizuho reaffirmed a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research report on Wednesday, March 27th. Finally, Robert W. Baird raised their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

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.