Salem Investment Counselors Inc. Buys 144 Shares of Mastercard Incorporated (NYSE:MA)

Salem Investment Counselors Inc. boosted its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 11.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,428 shares of the credit services provider’s stock after purchasing an additional 144 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Mastercard were worth $609,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 1st quarter worth approximately $25,000. Hibernia Wealth Partners LLC acquired a new position in shares of Mastercard in the 3rd quarter valued at about $27,000. Bollard Group LLC acquired a new position in Mastercard in the 2nd quarter worth about $29,000. Barometer Capital Management Inc. acquired a new position in Mastercard in the 3rd quarter worth about $36,000. Finally, Mascoma Wealth Management LLC acquired a new position in shares of Mastercard during the third quarter valued at approximately $38,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, 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 sale, the chief marketing officer now owns 12,255 shares in the company, valued at approximately $5,832,644.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the company’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 in the company, valued at $47,527,976,823. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,628 shares of company stock worth $23,309,067. 0.13% of the stock is owned by corporate insiders.

Mastercard Trading Down 1.4 %

Shares of MA stock opened at $481.67 on Monday. The company has a market cap of $449.35 billion, a PE ratio of 40.72, a P/E/G ratio of 1.83 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. Mastercard Incorporated has a fifty-two week low of $346.31 and a fifty-two week high of $490.00. The stock’s fifty day moving average price is $461.25 and its two-hundred day moving average price is $425.22.

Mastercard (NYSE:MAGet Free Report) last posted its 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. 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 the consensus estimate of $6.46 billion. During the same quarter in the prior year, the business posted $2.65 earnings per share. Equities analysts predict that Mastercard Incorporated will post 14.36 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has authorized a stock buyback program on Tuesday, December 5th that authorizes the company to buyback $11.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.66 per share. 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 22.32%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MA. Tigress Financial raised their price objective on Mastercard from $476.00 to $495.00 and gave the stock a “strong-buy” rating in a report on Thursday, December 7th. Jefferies Financial Group increased their price target on Mastercard from $425.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Oppenheimer reiterated an “outperform” rating and set a $510.00 price target on shares of Mastercard in a research report on Thursday, February 1st. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Finally, BMO Capital Markets lifted their price objective on Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $476.35.

View Our Latest Analysis on MA

About Mastercard

(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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