RNC Capital Management LLC Buys 65 Shares of Mastercard Incorporated (NYSE:MA)

RNC Capital Management LLC grew its holdings in Mastercard Incorporated (NYSE:MA – Get Rating) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 653 shares of the credit services provider’s stock after acquiring an additional 65 shares during the quarter. RNC Capital Management LLC’s holdings in Mastercard were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MA. Raymond James & Associates raised its stake in shares of Mastercard by 6.0% in the third quarter. Raymond James & Associates now owns 1,189,784 shares of the credit services provider’s stock worth $413,670,000 after purchasing an additional 67,090 shares during the last quarter. Fiduciary Trust Co. raised its stake in shares of Mastercard by 2.3% in the third quarter. Fiduciary Trust Co. now owns 40,773 shares of the credit services provider’s stock worth $14,176,000 after purchasing an additional 914 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Mastercard by 7,526.5% in the third quarter. EP Wealth Advisors LLC now owns 280,121 shares of the credit services provider’s stock worth $1,412,000 after purchasing an additional 276,448 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Mastercard by 38.4% in the third quarter. Nations Financial Group Inc. IA ADV now owns 4,447 shares of the credit services provider’s stock worth $1,546,000 after purchasing an additional 1,234 shares during the last quarter. Finally, Oxbow Advisors LLC raised its stake in shares of Mastercard by 20.6% in the third quarter. Oxbow Advisors LLC now owns 59,312 shares of the credit services provider’s stock worth $20,622,000 after purchasing an additional 10,117 shares during the last quarter. 73.86% of the stock is owned by institutional investors and hedge funds.

NYSE MA traded up $6.49 on Tuesday, reaching $363.29. 50,085 shares of the company were exchanged, compared to its average volume of 4,614,696. The business’s fifty day moving average price is $353.40 and its 200 day moving average price is $352.99. The stock has a market capitalization of $355.11 billion, a P/E ratio of 40.73, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.78. Mastercard Incorporated has a fifty-two week low of $305.61 and a fifty-two week high of $401.50.

Mastercard (NYSE:MA – Get Rating) last released its quarterly earnings data on Thursday, January 27th. The credit services provider reported $2.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.19 by $0.16. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Mastercard had a return on equity of 122.90% and a net margin of 46.00%. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.64 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 10.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 9th. Shareholders of record on Friday, April 8th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Thursday, April 7th. Mastercard’s dividend payout ratio (DPR) is currently 22.37%.

MA has been the subject of several recent research reports. Barclays reduced their price target on Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Bank of America reduced their price target on Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research report on Monday. Morgan Stanley lifted their price target on Mastercard from $448.00 to $449.00 and gave the company an “overweight” rating in a research report on Friday, January 28th. Mizuho reduced their price target on Mastercard from $465.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, January 7th. Finally, StockNews.com began coverage on Mastercard in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $426.88.

In other Mastercard news, major shareholder Foundation Mastercard sold 155,060 shares of Mastercard stock in a transaction on Monday, February 7th. The stock was sold at an average price of $377.50, for a total value of $58,535,150.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 1,561 shares of Mastercard stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $365.00, for a total value of $569,765.00. The disclosure for this sale can be found here. Insiders have sold 482,051 shares of company stock worth $181,949,746 in the last three months. 0.33% of the stock is currently owned by corporate insiders.

About Mastercard (Get Rating)

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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