Threadgill Financial LLC Lowers Holdings in Mastercard Incorporated (NYSE:MA)

Threadgill Financial LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,155 shares of the credit services provider’s stock after selling 74 shares during the period. Mastercard makes up 8.5% of Threadgill Financial LLC’s holdings, making the stock its 3rd biggest position. Threadgill Financial LLC’s holdings in Mastercard were worth $12,861,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the 1st quarter worth $25,000. Hibernia Wealth Partners LLC acquired a new stake in shares of Mastercard during the 3rd quarter worth $27,000. Bollard Group LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth $29,000. Barometer Capital Management Inc. acquired a new stake in shares of Mastercard during the 3rd quarter worth $36,000. Finally, Mascoma Wealth Management LLC acquired a new stake in Mastercard in the third quarter valued at about $38,000. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last three months, insiders sold 50,628 shares of company stock worth $23,309,067. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MA shares. Jefferies Financial Group raised their price objective on Mastercard from $425.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. KeyCorp raised their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. Raymond James increased their target price on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Tigress Financial increased their target price on Mastercard from $476.00 to $495.00 and gave the company a “strong-buy” rating in a research report on Thursday, December 7th. Two investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $479.62.

Mastercard Price Performance

Mastercard stock opened at $477.95 on Thursday. Mastercard Incorporated has a 52 week low of $352.80 and a 52 week high of $490.00. The business has a 50-day simple moving average of $463.16 and a 200 day simple moving average of $426.09. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market cap of $445.87 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 1.81 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its quarterly earnings data 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 return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. During the same period in the prior year, the business earned $2.65 EPS. On average, research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard declared that its Board of Directors has initiated a stock repurchase program on Tuesday, December 5th that permits the company to repurchase $11.00 billion in shares. This repurchase authorization permits the credit services provider to buy up to 2.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Mastercard Dividend Announcement

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

Mastercard 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.