Global Frontier Investments LLC Acquires New Holdings in Mastercard Incorporated (NYSE:MA)

Global Frontier Investments LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 68,000 shares of the credit services provider's stock, valued at approximately $35,807,000. Mastercard comprises approximately 9.2% of Global Frontier Investments LLC's investment portfolio, making the stock its 4th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of MA. NewSquare Capital LLC purchased a new position in Mastercard during the fourth quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth $32,000. Marshall Investment Management LLC purchased a new position in shares of Mastercard in the 4th quarter worth $30,000. Truvestments Capital LLC boosted its holdings in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after acquiring an additional 25 shares during the last quarter. Finally, FPC Investment Advisory Inc. boosted its holdings in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock valued at $39,000 after acquiring an additional 58 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on MA shares. Raymond James restated an "outperform" rating and issued a $640.00 price objective (up from $614.00) on shares of Mastercard in a report on Friday, January 31st. Barclays increased their target price on shares of Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Susquehanna lifted their target price on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a report on Friday, January 31st. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $607.96.

Mastercard Stock Up 1.5 %

Shares of Mastercard stock traded up $7.90 during trading on Wednesday, reaching $547.58. The company had a trading volume of 3,781,207 shares, compared to its average volume of 2,628,298. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The firm's fifty day moving average is $532.68 and its 200-day moving average is $530.73. The company has a market cap of $499.23 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

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

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio is presently 21.89%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Miebach sold 15,775 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

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.