Foster & Motley Inc. Sells 201 Shares of Mastercard Incorporated (NYSE:MA)

Foster & Motley Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,273 shares of the credit services provider’s stock after selling 201 shares during the period. Foster & Motley Inc.’s holdings in Mastercard were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Garrison Asset Management LLC increased its holdings in shares of Mastercard by 7.0% during the fourth quarter. Garrison Asset Management LLC now owns 6,715 shares of the credit services provider’s stock worth $2,864,000 after buying an additional 440 shares in the last quarter. RWA Wealth Partners LLC boosted its stake in Mastercard by 230.4% during the 4th quarter. RWA Wealth Partners LLC now owns 10,719 shares of the credit services provider’s stock worth $4,572,000 after acquiring an additional 7,475 shares during the last quarter. Sage Mountain Advisors LLC increased its position in shares of Mastercard by 5.9% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,542 shares of the credit services provider’s stock valued at $1,511,000 after buying an additional 196 shares in the last quarter. Monument Capital Management raised its position in shares of Mastercard by 1.5% during the fourth quarter. Monument Capital Management now owns 2,035 shares of the credit services provider’s stock worth $868,000 after purchasing an additional 31 shares during the period. Finally, Telemus Capital LLC lifted its holdings in shares of Mastercard by 1.8% during the 4th quarter. Telemus Capital LLC now owns 22,042 shares of the credit services provider’s stock valued at $9,401,000 after purchasing an additional 385 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $462.50 on Thursday. The stock’s 50 day moving average is $471.65 and its 200 day moving average is $435.45. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The firm has a market cap of $431.46 billion, a P/E ratio of 39.10, a P/E/G ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17.

Mastercard (NYSE:MA) last released 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 net margin of 44.60% and a return on equity of 191.22%. The company had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter in the prior year, the firm earned $2.65 EPS. As a group, research analysts expect that Mastercard Incorporated will post 14.35 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 paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Wall Street Analyst Weigh In

MA has been the topic of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Oppenheimer restated an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. William Blair restated an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. KeyCorp boosted their price objective on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada increased their price target on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $490.23.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were 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 $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 200 shares of Mastercard 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 sale, the insider now directly owns 97,543,308 shares in the company, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction 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 completion of the transaction, the chief marketing officer now 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. Insiders have sold 257,630 shares of company stock valued at $118,303,470 in the last three months. 0.13% of the stock is currently owned by 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.