Mastercard Incorporated (NYSE:MA) Shares Acquired by Bowie Capital Management LLC

Bowie Capital Management LLC increased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,503 shares of the credit services provider's stock after buying an additional 774 shares during the quarter. Mastercard comprises 5.0% of Bowie Capital Management LLC's portfolio, making the stock its 11th largest holding. Bowie Capital Management LLC's holdings in Mastercard were worth $94,521,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MA. Vanguard Group Inc. boosted its stake in Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares in the last quarter. FMR LLC lifted its position in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Mastercard by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after purchasing an additional 282,739 shares during the period. Norges Bank purchased a new stake in shares of Mastercard during the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP boosted its position in shares of Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

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 transaction, the chief executive officer now owns 84,871 shares of the company's stock, valued at $46,692,629.36. This represents a 15.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company's stock, 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 company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays boosted their price objective on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target for the company in a research report on Tuesday, February 4th. Royal Bank of Canada boosted their target price on shares of Mastercard from $572.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Wells Fargo & Company raised their target price on Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Finally, Citigroup lifted their price target on Mastercard from $584.00 to $650.00 and gave the company a "buy" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $606.18.

Mastercard Price Performance

NYSE:MA opened at $559.18 on Monday. The firm has a market cap of $509.81 billion, a PE ratio of 40.26, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company's 50-day moving average price is $532.33 and its two-hundred day moving average price is $531.61. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard's payout ratio is currently 21.32%.

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.

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