Intl Fcstone Inc. Has $367,000 Stake in Mastercard Inc (MA)

Intl Fcstone Inc. grew its stake in Mastercard Inc (NYSE:MA) by 18.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,560 shares of the credit services provider’s stock after acquiring an additional 245 shares during the period. Intl Fcstone Inc.’s holdings in Mastercard were worth $367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Focused Wealth Management Inc bought a new position in Mastercard during the fourth quarter worth about $25,000. Valley National Advisers Inc. grew its holdings in Mastercard by 210.9% during the fourth quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 97 shares during the period. Ruggie Capital Group bought a new position in Mastercard during the fourth quarter worth about $27,000. New Capital Management LP grew its holdings in Mastercard by 50.0% during the fourth quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 50 shares during the period. Finally, Avondale Wealth Management bought a new position in Mastercard during the fourth quarter worth about $28,000. Institutional investors own 75.55% of the company’s stock.

Shares of MA stock opened at $240.89 on Monday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $247.13 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 1.92 and a beta of 1.14. Mastercard Inc has a 12-month low of $170.65 and a 12-month high of $242.65.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a net margin of 39.19% and a return on equity of 122.25%. On average, sell-side analysts anticipate that Mastercard Inc will post 7.56 EPS for the current fiscal year.

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 given a dividend of $0.33 per share. The ex-dividend date is Monday, April 8th. This represents a $1.32 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other news, General Counsel Timothy H. Murphy sold 60,428 shares of Mastercard stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $230.31, for a total value of $13,917,172.68. Following the completion of the sale, the general counsel now directly owns 46,331 shares in the company, valued at $10,670,492.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of Mastercard stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the completion of the sale, the insider now owns 37,374 shares of the company’s stock, valued at $7,457,234.22. The disclosure for this sale can be found here. Over the last quarter, insiders sold 99,716 shares of company stock valued at $22,428,540. 0.32% of the stock is owned by company insiders.

A number of research firms recently commented on MA. Deutsche Bank lifted their price target on Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Zacks Investment Research reiterated a “buy” rating and set a $205.00 price target on shares of Mastercard in a report on Monday, December 31st. Oppenheimer lifted their price target on Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. Wedbush lifted their price target on Mastercard from $220.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, March 14th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $217.00 price target on shares of Mastercard in a report on Monday, January 7th. Three research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $233.48.

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Mastercard Company Profile

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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