7,807 Shares in Mastercard Incorporated (NYSE:MA) Bought by Bearing Point Capital LLC

Bearing Point Capital LLC purchased a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,807 shares of the credit services provider's stock, valued at approximately $4,111,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after buying an additional 377,302 shares during the last quarter. FMR LLC boosted its position in Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the last quarter. Geode Capital Management LLC grew its stake in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after purchasing an additional 282,739 shares in the last quarter. Norges Bank acquired a new position in shares of Mastercard during the 4th quarter worth approximately $6,022,224,000. Finally, Wellington Management Group LLP raised its stake in shares of Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after purchasing an additional 817,836 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MA shares. UBS Group lowered their target price on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating on the stock in a report on Friday. Wells Fargo & Company upped their target price on shares of Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a report on Tuesday, February 4th. William Blair reiterated an "outperform" rating on shares of Mastercard in a research note on Friday, January 31st. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday. Finally, Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $606.25.

Mastercard Price Performance

Mastercard stock traded down $1.23 during trading hours on Tuesday, reaching $559.89. 2,340,765 shares of the stock were exchanged, compared to its average volume of 2,607,705. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The company has a market cap of $510.45 billion, a P/E ratio of 40.31, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The stock has a 50 day moving average of $532.24 and a two-hundred day moving average of $532.12.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the firm posted $3.31 earnings per share. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's dividend payout ratio is currently 21.32%.

Insider Buying and Selling

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This represents a 15.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the sale, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 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.