4,468 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Three Seasons Wealth LLC

Three Seasons Wealth LLC bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,468 shares of the credit services provider's stock, valued at approximately $2,353,000. Mastercard makes up 1.1% of Three Seasons Wealth LLC's investment portfolio, making the stock its 24th largest holding.

Several other hedge funds have also bought and sold shares of the business. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth approximately $32,000. Marshall Investment Management LLC bought a new position in shares of Mastercard in the fourth quarter valued at approximately $30,000. Truvestments Capital LLC lifted its holdings in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares during the period. Finally, FPC Investment Advisory Inc. boosted its position in Mastercard by 483.3% in the fourth quarter. FPC Investment Advisory Inc. now owns 70 shares of the credit services provider's stock worth $39,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Royal Bank of Canada lifted their price target on shares of Mastercard from $572.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Seaport Res Ptn downgraded shares of Mastercard from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. JPMorgan Chase & Co. increased their price objective on Mastercard from $590.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. Finally, Citigroup boosted their price objective on Mastercard from $584.00 to $650.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average target price of $607.96.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the company's 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 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 filing with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard 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 transaction, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company's stock.

Mastercard Stock Up 0.9 %

Shares of MA stock traded up $5.01 during trading hours on Tuesday, hitting $539.50. 904,634 shares of the company's stock traded hands, compared to its average volume of 2,617,670. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The stock's fifty day simple moving average is $533.35 and its two-hundred day simple moving average is $530.55. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $582.23. The stock has a market cap of $491.87 billion, a price-to-earnings ratio of 38.84, a PEG 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 analysts' consensus estimates 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 expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

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.