7,751 Shares in Mastercard Incorporated (NYSE:MA) Bought by Vivid Wealth Management LLC

Vivid Wealth Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 7,751 shares of the credit services provider's stock, valued at approximately $3,306,000. Mastercard makes up about 2.2% of Vivid Wealth Management LLC's investment portfolio, making the stock its 19th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its stake in shares of Mastercard by 3.9% during the first quarter. State Street Corp now owns 34,759,814 shares of the credit services provider's stock worth $12,632,032,000 after purchasing an additional 1,303,477 shares in the last quarter. Morgan Stanley boosted its stake in Mastercard by 17.7% in the fourth quarter. Morgan Stanley now owns 15,843,692 shares of the credit services provider's stock valued at $5,509,328,000 after acquiring an additional 2,385,640 shares in the last quarter. Norges Bank acquired a new position in Mastercard in the fourth quarter valued at $3,308,223,000. Northern Trust Corp boosted its stake in Mastercard by 2.9% in the third quarter. Northern Trust Corp now owns 9,075,358 shares of the credit services provider's stock valued at $3,593,025,000 after acquiring an additional 251,516 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Mastercard by 3.9% in the second quarter. Nuveen Asset Management LLC now owns 8,420,213 shares of the credit services provider's stock valued at $3,311,670,000 after acquiring an additional 318,077 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares of the company's stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the transaction, the insider now owns 6,235 shares in the company, valued at approximately $2,740,407.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders have sold a total of 50,628 shares of company stock valued at $23,309,067 over the last quarter. Company insiders own 0.13% of the company's stock.

Mastercard Price Performance

Shares of MA stock traded down $6.69 during trading hours on Tuesday, hitting $472.16. The company's stock had a trading volume of 2,211,613 shares, compared to its average volume of 2,432,365. Mastercard Incorporated has a twelve month low of $357.58 and a twelve month high of $490.00. The business has a fifty day moving average of $470.65 and a 200-day moving average of $430.18. The stock has a market cap of $440.47 billion, a price-to-earnings ratio of 39.72, a P/E/G ratio of 1.81 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. During the same quarter last year, the business earned $2.65 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard's dividend payout ratio is currently 22.32%.

Wall Street Analyst Weigh In

MA has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Mastercard from $432.00 to $499.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. KeyCorp upped their target price on shares of Mastercard from $475.00 to $490.00 and gave the company an "overweight" rating in a report on Thursday, February 1st. Evercore ISI upped their target price on shares of Mastercard from $530.00 to $545.00 and gave the company an "outperform" rating in a report on Tuesday, March 26th. Monness Crespi & Hardt initiated coverage on shares of Mastercard in a report on Wednesday, December 20th. They issued a "neutral" rating for the company. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $510.00 target price on shares of Mastercard in a report on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $481.95.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.