Leonard Rickey Investment Advisors P.L.L.C. Raises Holdings in Mastercard Incorporated (NYSE:MA)

Leonard Rickey Investment Advisors P.L.L.C. boosted its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 679 shares of the credit services provider’s stock after acquiring an additional 29 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Mastercard were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Activest Wealth Management increased its holdings in Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares in the last quarter. Everett Harris & Co. CA boosted its position in Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp increased its position in shares of Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after buying an additional 2,337 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its position in shares of Mastercard by 1.5% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 42,752 shares of the credit services provider’s stock valued at $18,041,000 after buying an additional 612 shares in the last quarter. Finally, Americana Partners LLC grew its stake in Mastercard by 68.2% in the 3rd quarter. Americana Partners LLC now owns 4,786 shares of the credit services provider’s stock valued at $1,907,000 after acquiring an additional 1,940 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.3 %

MA traded up $1.23 during mid-day trading on Wednesday, hitting $480.66. 684,341 shares of the stock were exchanged, compared to its average volume of 2,415,015. The firm’s fifty day moving average is $467.67 and its two-hundred day moving average is $428.36. Mastercard Incorporated has a 1-year low of $355.97 and a 1-year high of $490.00. The company has a market cap of $448.40 billion, a PE ratio of 40.53, a PEG ratio of 1.82 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:MAGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the prior year, the company earned $2.65 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm 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 $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Mastercard announced that its board has authorized a share repurchase program on Tuesday, December 5th that authorizes the company to buyback $11.00 billion in outstanding shares. This buyback authorization authorizes the credit services provider to buy up to 2.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MA shares. Oppenheimer reaffirmed an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. Evercore ISI increased their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Susquehanna reissued a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research note on Wednesday. Royal Bank of Canada increased their target price on shares of Mastercard from $432.00 to $499.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Wells Fargo & Company boosted their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Two investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $481.95.

Check Out Our Latest Stock Analysis on Mastercard

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 16,037 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Craig Vosburg sold 13,542 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,628 shares of company stock valued at $23,309,067. 0.13% of the stock is currently owned by company insiders.

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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