Nitorum Capital L.P. Sells 15,813 Shares of Mastercard Incorporated (NYSE:MA)

Nitorum Capital L.P. lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 24.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,731 shares of the credit services provider's stock after selling 15,813 shares during the period. Mastercard comprises about 3.0% of Nitorum Capital L.P.'s investment portfolio, making the stock its 14th biggest holding. Nitorum Capital L.P.'s holdings in Mastercard were worth $25,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at $5,565,000. Virtus ETF Advisers LLC lifted its stake in shares of 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 purchasing an additional 247 shares during the last quarter. Coldstream Capital Management Inc. lifted its stake in shares of Mastercard by 1.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 27,893 shares of the credit services provider's stock valued at $14,688,000 after purchasing an additional 436 shares during the last quarter. UP Strategic Wealth Investment Advisors LLC lifted its stake in shares of Mastercard by 12.6% in the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 2,209 shares of the credit services provider's stock valued at $1,163,000 after purchasing an additional 247 shares during the last quarter. Finally, Three Seasons Wealth LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at $2,353,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction dated 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 sale, the insider now owns 34,524 shares of the company's stock, 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. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MA has been the subject of several analyst reports. Susquehanna lifted their price objective on shares of Mastercard from $605.00 to $670.00 and gave the company a "positive" rating in a research note on Friday, January 31st. Royal Bank of Canada boosted their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Macquarie boosted their target price on shares of Mastercard from $565.00 to $645.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their target price on shares of Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company boosted their target price on shares of Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and an average target price of $607.96.

Mastercard Trading Down 0.1 %

Shares of MA stock traded down $0.64 on Thursday, reaching $547.42. 1,432,175 shares of the stock were exchanged, compared to its average volume of 2,890,077. The stock has a market cap of $499.09 billion, a PE ratio of 39.41, a P/E/G ratio of 2.37 and a beta of 1.06. Mastercard Incorporated has a one year low of $428.86 and a one 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. The stock has a 50 day moving average price of $532.68 and a 200 day moving average price of $530.73.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.31 earnings per share. Equities research analysts forecast 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 0.56%. Mastercard's payout ratio is currently 21.89%.

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.