D.B. Root & Company LLC Takes Position in Mastercard (MA)

D.B. Root & Company LLC purchased a new stake in shares of Mastercard (NYSE:MA) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,392 shares of the credit services provider’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Harding Loevner LP lifted its holdings in Mastercard by 170.7% during the third quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock valued at $194,599,000 after purchasing an additional 2,173,507 shares during the last quarter. BlackRock Inc. lifted its holdings in Mastercard by 3.3% during the fourth quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock valued at $9,588,019,000 after purchasing an additional 2,000,290 shares during the last quarter. Atlantic Trust Group LLC lifted its holdings in Mastercard by 546.9% during the third quarter. Atlantic Trust Group LLC now owns 1,573,784 shares of the credit services provider’s stock valued at $222,218,000 after purchasing an additional 1,330,509 shares during the last quarter. Deutsche Bank AG lifted its holdings in Mastercard by 56.8% during the fourth quarter. Deutsche Bank AG now owns 2,608,935 shares of the credit services provider’s stock valued at $394,881,000 after purchasing an additional 944,924 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Mastercard by 21.8% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,886,685 shares of the credit services provider’s stock valued at $739,650,000 after purchasing an additional 875,620 shares during the last quarter. Institutional investors own 76.05% of the company’s stock.

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In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Fraccaro sold 3,993 shares of the stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $173.37, for a total transaction of $692,266.41. Following the transaction, the insider now owns 5,353 shares in the company, valued at $928,049.61. The disclosure for this sale can be found here. Insiders sold 45,571 shares of company stock worth $8,174,328 over the last ninety days. 0.30% of the stock is currently owned by insiders.

Shares of MA opened at $173.87 on Tuesday. The company has a market capitalization of $183,224.70, a P/E ratio of 37.96, a P/E/G ratio of 1.60 and a beta of 1.16. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99. Mastercard has a 1-year low of $111.53 and a 1-year high of $183.73.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. Mastercard’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. analysts anticipate that Mastercard will post 5.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio is currently 21.83%.

Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $196.00 price objective on the stock in a report on Thursday, April 12th. Vetr raised shares of Mastercard from a “buy” rating to a “strong-buy” rating and set a $192.25 price objective on the stock in a report on Tuesday, April 10th. Wells Fargo upped their price objective on shares of Mastercard from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Thursday, March 29th. Sanford C. Bernstein assumed coverage on shares of Mastercard in a report on Tuesday, March 27th. They set an “outperform” rating and a $207.00 price objective on the stock. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a report on Thursday, February 8th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Mastercard currently has a consensus rating of “Buy” and a consensus price target of $179.62.

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About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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