Van Hulzen Asset Management LLC Boosts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Van Hulzen Asset Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 224.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,181 shares of the credit services provider’s stock after acquiring an additional 2,201 shares during the quarter. Van Hulzen Asset Management LLC’s holdings in Mastercard were worth $1,148,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of MA. OLD Mission Capital LLC purchased a new position in Mastercard in the third quarter valued at $237,000. Morgan Stanley increased its holdings in Mastercard by 1.4% in the second quarter. Morgan Stanley now owns 18,779,658 shares of the credit services provider’s stock valued at $6,856,264,000 after buying an additional 259,715 shares during the last quarter. Jag Capital Management LLC increased its holdings in Mastercard by 0.3% in the third quarter. Jag Capital Management LLC now owns 88,282 shares of the credit services provider’s stock valued at $30,693,000 after buying an additional 295 shares during the last quarter. Sigma Planning Corp increased its holdings in Mastercard by 2.4% in the third quarter. Sigma Planning Corp now owns 14,682 shares of the credit services provider’s stock valued at $5,105,000 after buying an additional 343 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Mastercard by 2.8% in the third quarter. Commonwealth Equity Services LLC now owns 220,987 shares of the credit services provider’s stock valued at $76,832,000 after buying an additional 6,118 shares during the last quarter. 73.86% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently commented on MA. Barclays dropped their target price on Mastercard from $430.00 to $420.00 and set an “overweight” rating on the stock in a report on Monday, April 4th. Mizuho decreased their price objective on shares of Mastercard from $465.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, January 7th. Morgan Stanley upped their price objective on shares of Mastercard from $448.00 to $449.00 and gave the company an “overweight” rating in a research note on Friday, January 28th. Raymond James decreased their price objective on shares of Mastercard from $453.00 to $447.00 and set an “outperform” rating for the company in a research note on Friday, January 28th. Finally, StockNews.com initiated coverage on shares of Mastercard in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus price target of $426.88.

Mastercard stock traded up $7.05 during mid-day trading on Tuesday, reaching $363.85. The company had a trading volume of 51,825 shares, compared to its average volume of 4,614,696. Mastercard Incorporated has a 1 year low of $305.61 and a 1 year high of $401.50. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $355.65 billion, a P/E ratio of 40.73, a P/E/G ratio of 1.76 and a beta of 1.08. The stock’s 50-day simple moving average is $353.40 and its 200-day simple moving average is $352.99.

Mastercard (NYSE:MAGet Rating) last issued its earnings results on Thursday, January 27th. The credit services provider reported $2.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.19 by $0.16. Mastercard had a net margin of 46.00% and a return on equity of 122.90%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the company posted $1.64 earnings per share. The firm’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 10.19 EPS for the current fiscal year.

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

In other news, insider Edward Grunde Mclaughlin sold 15,310 shares of the firm’s stock in a transaction that occurred on Friday, January 28th. The shares were sold at an average price of $360.26, for a total transaction of $5,515,580.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 155,060 shares of the firm’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $383.74, for a total transaction of $59,502,724.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 482,051 shares of company stock valued at $181,949,746. Corporate insiders own 0.33% of the company’s stock.

Mastercard Company Profile (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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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