Seven Mile Advisory Has $1.36 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Seven Mile Advisory raised its position in shares of Mastercard Incorporated (NYSE:MA) by 8.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,581 shares of the credit services provider’s stock after purchasing an additional 208 shares during the quarter. Mastercard makes up approximately 0.9% of Seven Mile Advisory’s investment portfolio, making the stock its 21st largest holding. Seven Mile Advisory’s holdings in Mastercard were worth $1,359,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC bought a new stake in Mastercard during the fourth quarter valued at $26,000. Marshall Investment Management LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $30,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $32,000. Truvestments Capital LLC lifted its stake in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after buying an additional 25 shares during the period. Finally, CoreFirst Bank & Trust bought a new position in shares of Mastercard during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Michael Miebach sold 15,775 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the sale, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This trade represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. This represents a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on MA shares. Wells Fargo & Company increased their target price on shares of Mastercard from $585.00 to $625.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. KeyCorp boosted their price objective on Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Citigroup lifted their price target on shares of Mastercard from $584.00 to $650.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Piper Sandler restated an “overweight” rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, DZ Bank raised shares of Mastercard from a “hold” rating to a “buy” rating and set a $620.00 target price for the company in a research report on Tuesday, February 4th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $606.11.

Mastercard Trading Down 3.0 %

Shares of MA opened at $540.57 on Monday. The business’s 50-day moving average price is $550.58 and its 200-day moving average price is $527.19. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $582.23. The stock has a market cap of $492.84 billion, a PE ratio of 38.92, a P/E/G ratio of 2.37 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard declared that its Board of Directors has approved a stock repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in shares. This buyback authorization permits the credit services provider to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Wednesday, April 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is currently 21.89%.

About Mastercard

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.