Carderock Capital Management Inc. Has $13.54 Million Holdings in Mastercard Incorporated (NYSE:MA)

Carderock Capital Management Inc. increased its position in Mastercard Incorporated (NYSE:MAFree Report) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,748 shares of the credit services provider’s stock after buying an additional 125 shares during the period. Mastercard comprises approximately 3.7% of Carderock Capital Management Inc.’s holdings, making the stock its 2nd largest position. Carderock Capital Management Inc.’s holdings in Mastercard were worth $13,541,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Bornite Capital Management LP purchased a new stake in Mastercard in the 1st quarter worth $21,442,000. United Bank raised its position in shares of Mastercard by 34.5% during the 1st quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after buying an additional 1,541 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Mastercard by 30.1% during the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after buying an additional 63,040 shares in the last quarter. First Western Trust Bank purchased a new stake in shares of Mastercard during the 1st quarter valued at about $1,168,000. Finally, Bridgewater Associates LP purchased a new stake in shares of Mastercard during the 1st quarter valued at about $12,926,000. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Tigress Financial upped their target price on shares of Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 7th. The Goldman Sachs Group increased their price objective on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Oppenheimer reissued an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research report on Thursday, February 1st. Raymond James increased their price objective on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada increased their price objective on shares of Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $481.95.

Check Out Our Latest Research Report on MA

Mastercard Price Performance

NYSE MA opened at $477.42 on Thursday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. The firm’s 50 day moving average price is $468.44 and its 200-day moving average price is $428.70. Mastercard Incorporated has a 52-week low of $355.97 and a 52-week high of $490.00. The company has a market cap of $445.38 billion, a PE ratio of 40.36, a P/E/G ratio of 1.82 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating 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 company had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the company posted $2.65 earnings per share. Sell-side analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.55%. Mastercard’s payout ratio is 22.32%.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of 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 filing with the SEC, which is available at this link. In related news, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold 50,628 shares of company stock valued at $23,309,067 over the last 90 days. Insiders own 0.13% of the company’s stock.

Mastercard Profile

(Free Report)

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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