Raab & Moskowitz Asset Management LLC Boosts Stake in Mastercard Incorporated (NYSE:MA)

Raab & Moskowitz Asset Management LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,535 shares of the credit services provider’s stock after buying an additional 159 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Mastercard were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MA. International Assets Investment Management LLC lifted its holdings in shares of Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock valued at $1,252,525,000 after purchasing an additional 2,929,940 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Mastercard by 3,339.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 815,506 shares of the credit services provider’s stock valued at $322,867,000 after purchasing an additional 791,799 shares during the last quarter. Lone Pine Capital LLC lifted its holdings in shares of Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after purchasing an additional 569,534 shares during the last quarter. Jennison Associates LLC increased its position in shares of Mastercard by 6.9% in the 3rd quarter. Jennison Associates LLC now owns 7,966,348 shares of the credit services provider’s stock valued at $3,153,957,000 after acquiring an additional 515,481 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Mastercard by 30.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,839,088 shares of the credit services provider’s stock valued at $728,113,000 after acquiring an additional 428,627 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 13,542 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the transaction, the insider now directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the business’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 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 accessible through this link. Also, insider Craig Vosburg sold 13,542 shares of the business’s 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 directly owns 46,491 shares in the company, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 366,630 shares of company stock valued at $168,746,490. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. The Goldman Sachs Group upped their target price on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. JPMorgan Chase & Co. upped their target price on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. 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. Susquehanna reissued a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, Evercore ISI upped their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $490.23.

Mastercard Price Performance

Shares of NYSE:MA traded up $0.31 during trading on Friday, reaching $462.42. 1,963,273 shares of the company’s stock traded hands, compared to its average volume of 2,212,406. The firm has a market cap of $431.39 billion, a PE ratio of 39.09, a P/E/G ratio of 1.75 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a 50-day simple moving average of $471.35 and a 200-day simple moving average of $436.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last issued its quarterly 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. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period last year, the company posted $2.65 EPS. As a group, analysts predict that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

Mastercard 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.