Mastercard Incorporated (NYSE:MA) Shares Sold by DE Burlo Group Inc.

DE Burlo Group Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,142 shares of the credit services provider's stock after selling 800 shares during the period. DE Burlo Group Inc.'s holdings in Mastercard were worth $7,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Virtus ETF Advisers LLC raised its holdings in Mastercard by 12.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 2,268 shares of the credit services provider's stock valued at $1,194,000 after acquiring an additional 247 shares during the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Mastercard by 1.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 27,893 shares of the credit services provider's stock worth $14,688,000 after buying an additional 436 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC grew its position in Mastercard by 12.6% in the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 2,209 shares of the credit services provider's stock worth $1,163,000 after acquiring an additional 247 shares during the period. Three Seasons Wealth LLC acquired a new stake in Mastercard during the fourth quarter worth $2,353,000. Finally, Voya Financial Advisors Inc. increased its stake in Mastercard by 2.5% during the fourth quarter. Voya Financial Advisors Inc. now owns 6,213 shares of the credit services provider's stock worth $3,265,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Trading Down 0.1 %

MA traded down $0.64 during midday trading on Thursday, hitting $547.42. The company's stock had a trading volume of 1,419,088 shares, compared to its average volume of 2,623,802. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market cap of $499.09 billion, a P/E ratio of 39.40, a PEG ratio of 2.37 and a beta of 1.06. The firm has a 50-day moving average price of $532.68 and a two-hundred day moving average price of $530.73. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm's revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.31 EPS. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is 21.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on MA shares. Evercore ISI initiated coverage on Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. Keefe, Bruyette & Woods raised their price target on Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. UBS Group raised their price target on Mastercard from $600.00 to $660.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company raised their price target on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $607.96.

Insider Transactions at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company's stock, valued at approximately $46,692,629.36. The trade was a 15.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the business's 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 transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This trade represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

About Mastercard

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.