Silver Oak Securities Incorporated Raises Position in Mastercard Incorporated (NYSE:MA)

Silver Oak Securities Incorporated lifted its stake in Mastercard Incorporated (NYSE:MA) by 107.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,048 shares of the credit services provider’s stock after buying an additional 1,062 shares during the period. Silver Oak Securities Incorporated’s holdings in Mastercard were worth $874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MA. LFA Lugano Financial Advisors SA purchased a new position in Mastercard in the fourth quarter valued at about $27,000. Criterion Capital Advisors LLC purchased a new position in Mastercard in the fourth quarter valued at about $33,000. Barometer Capital Management Inc. purchased a new position in Mastercard in the third quarter valued at about $36,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in Mastercard by 661.5% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 86 shares during the last quarter. Finally, JCIC Asset Management Inc. raised its stake in Mastercard by 34.0% during the fourth quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $462.42 on Monday. The stock has a fifty day moving average price of $471.35 and a two-hundred day moving average price of $436.61. 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 firm has a market cap of $431.39 billion, a P/E ratio of 39.09, a PEG ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period last year, the company posted $2.65 EPS. Research analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders 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 dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio is presently 22.32%.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now directly owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the sale, the insider now owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders sold a total of 366,630 shares of company stock valued at $168,746,490 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on MA. Evercore ISI upped their price objective on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Raymond James upped their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. TD Cowen began coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Oppenheimer restated an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. Finally, Wells Fargo & Company upped their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $490.23.

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.