Twin City Private Wealth LLC Has $1.56 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Twin City Private Wealth LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,968 shares of the credit services provider’s stock after buying an additional 103 shares during the period. Mastercard accounts for 1.4% of Twin City Private Wealth LLC’s holdings, making the stock its 28th largest holding. Twin City Private Wealth LLC’s holdings in Mastercard were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in MA. NewSquare Capital LLC acquired a new position in shares of Mastercard during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in shares of Mastercard during the fourth quarter worth $32,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard during the fourth quarter worth $30,000. Truvestments Capital LLC lifted its holdings in shares of Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. lifted its holdings in shares of Mastercard by 483.3% during the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 58 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Down 0.2 %

Shares of NYSE MA opened at $535.14 on Monday. The stock has a market capitalization of $487.89 billion, a P/E ratio of 38.53, a P/E/G ratio of 2.37 and a beta of 1.10. The company has a 50-day moving average price of $547.55 and a 200-day moving average price of $524.95. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.57%. The ex-dividend date is Wednesday, April 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.89%.

Mastercard declared that its board has authorized a stock repurchase program on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Susquehanna lifted their price target on shares of Mastercard from $605.00 to $670.00 and gave the stock a “positive” rating in a report on Friday, January 31st. KeyCorp lifted their target price on shares of Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Oppenheimer lowered their target price on shares of Mastercard from $591.00 to $588.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Friday, January 31st. Finally, Macquarie lifted their target price on shares of Mastercard from $565.00 to $645.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $606.11.

Insider Buying and Selling

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Mastercard Company 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.