Mastercard Incorporated (NYSE:MA) Holdings Raised by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,957 shares of the credit services provider’s stock after purchasing an additional 983 shares during the quarter. Mastercard makes up 4.0% of Dock Street Asset Management Inc.’s investment portfolio, making the stock its 8th biggest holding. Dock Street Asset Management Inc.’s holdings in Mastercard were worth $25,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MA. Bornite Capital Management LP acquired a new position in shares of Mastercard during the 1st quarter worth about $21,442,000. United Bank boosted 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 worth $2,147,000 after acquiring an additional 1,541 shares in the last quarter. Mackenzie Financial Corp boosted 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 worth $97,335,000 after acquiring an additional 63,040 shares in the last quarter. First Western Trust Bank acquired a new position in shares of Mastercard during the 1st quarter worth about $1,168,000. Finally, Bridgewater Associates LP acquired a new position in shares of Mastercard during the 1st quarter worth about $12,926,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MA. Robert W. Baird upped their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James upped 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. Mizuho reissued a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research report on Wednesday, March 27th. BMO Capital Markets upped their target price on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, KeyCorp upped their target price on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Trading Down 0.5 %

Mastercard stock traded down $2.29 during midday trading on Thursday, reaching $457.87. The stock had a trading volume of 579,333 shares, compared to its average volume of 2,387,079. Mastercard Incorporated has a twelve month low of $357.85 and a twelve month high of $490.00. The stock has a market capitalization of $427.14 billion, a PE ratio of 38.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. 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 stock’s 50-day simple moving average is $471.83 and its 200 day simple moving average is $433.21.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the firm earned $2.65 earnings per share. Analysts expect that Mastercard Incorporated will post 14.36 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now directly 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 Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ajay Bhalla sold 4,000 shares of Mastercard stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $435.00, for a total value of $1,740,000.00. Following the sale, the insider now directly owns 6,235 shares in the company, valued at $2,712,225. The disclosure for this sale can be found here. Insiders have sold 41,728 shares of company stock valued at $19,479,753 over the last three months. 0.13% of the stock is owned by company insiders.

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.