Troy Asset Management Ltd grew its holdings in Mastercard Incorporated (NYSE:MA – Get Rating) by 0.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 158,978 shares of the credit services provider's stock after acquiring an additional 41 shares during the quarter. Mastercard accounts for approximately 1.6% of Troy Asset Management Ltd's investment portfolio, making the stock its 17th biggest position. Troy Asset Management Ltd's holdings in Mastercard were worth $55,281,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Transform Wealth LLC lifted its position in Mastercard by 4.5% during the fourth quarter. Transform Wealth LLC now owns 5,090 shares of the credit services provider's stock worth $1,770,000 after purchasing an additional 220 shares during the period. Van ECK Associates Corp lifted its position in Mastercard by 5.3% during the third quarter. Van ECK Associates Corp now owns 135,993 shares of the credit services provider's stock worth $38,668,000 after purchasing an additional 6,905 shares during the period. Xponance Inc. lifted its position in Mastercard by 8.1% during the third quarter. Xponance Inc. now owns 174,257 shares of the credit services provider's stock worth $49,548,000 after purchasing an additional 13,004 shares during the period. Capital Advisors Inc. OK lifted its position in Mastercard by 4.1% during the fourth quarter. Capital Advisors Inc. OK now owns 910 shares of the credit services provider's stock worth $316,000 after purchasing an additional 36 shares during the period. Finally, Compton Wealth Advisory Group LLC lifted its position in Mastercard by 14.2% during the third quarter. Compton Wealth Advisory Group LLC now owns 3,073 shares of the credit services provider's stock worth $874,000 after purchasing an additional 382 shares during the period. Institutional investors own 74.51% of the company's stock.
Get Mastercard alerts:Mastercard Price Performance
Mastercard stock opened at $354.00 on Tuesday. The stock has a market capitalization of $337.45 billion, a price-to-earnings ratio of 34.70, a PEG ratio of 1.66 and a beta of 1.11. Mastercard Incorporated has a 52-week low of $276.87 and a 52-week high of $390.00. The stock's 50 day moving average price is $362.96 and its two-hundred day moving average price is $341.66. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.17 and a current ratio of 1.17.
Mastercard (NYSE:MA – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The credit services provider reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.09. The firm had revenue of $5.82 billion for the quarter, compared to analysts' expectations of $5.79 billion. Mastercard had a return on equity of 158.38% and a net margin of 44.65%. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.35 EPS. On average, equities analysts predict that Mastercard Incorporated will post 12.13 earnings per share for the current year.
Mastercard Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 9th. Shareholders of record on Friday, April 7th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Wednesday, April 5th. Mastercard's payout ratio is 22.31%.
Insiders Place Their Bets
In related news, insider Hai Ling sold 8,220 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $356.31, for a total value of $2,928,868.20. Following the transaction, the insider now directly owns 26,496 shares in the company, valued at approximately $9,440,789.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Hai Ling sold 8,220 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $356.31, for a total value of $2,928,868.20. Following the transaction, the insider now directly owns 26,496 shares in the company, valued at approximately $9,440,789.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Michael Miebach sold 17,052 shares of the stock in a transaction on Friday, January 27th. The stock was sold at an average price of $376.43, for a total value of $6,418,884.36. Following the completion of the transaction, the chief executive officer now owns 35,544 shares in the company, valued at $13,379,827.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 655,522 shares of company stock worth $242,724,561. Corporate insiders own 0.29% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the company. Truist Financial boosted their target price on Mastercard from $400.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, January 20th. JPMorgan Chase & Co. boosted their target price on Mastercard from $395.00 to $452.00 and gave the stock an "overweight" rating in a research note on Friday, January 27th. Redburn Partners assumed coverage on Mastercard in a research note on Tuesday, November 29th. They set a "neutral" rating for the company. BMO Capital Markets lowered their target price on Mastercard from $427.00 to $414.00 and set an "outperform" rating for the company in a research note on Friday, January 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Mastercard from $375.00 to $430.00 and gave the stock a "buy" rating in a research note on Friday, January 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $413.41.
Mastercard Company Profile
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Mastercard, Inc is a technology company, which engages in the payments industry that connects consumers, financial institutions, merchants, governments, and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial, and payment programs. The company was founded in November 1966 and is headquartered in Purchase, NY.
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