Garrison Asset Management LLC Has $2.86 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Garrison Asset Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,715 shares of the credit services provider’s stock after buying an additional 440 shares during the period. Mastercard comprises 1.6% of Garrison Asset Management LLC’s holdings, making the stock its 26th largest position. Garrison Asset Management LLC’s holdings in Mastercard were worth $2,864,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. RWA Wealth Partners LLC boosted its stake in shares of Mastercard by 230.4% during the 4th quarter. RWA Wealth Partners LLC now owns 10,719 shares of the credit services provider’s stock worth $4,572,000 after buying an additional 7,475 shares during the last quarter. Sage Mountain Advisors LLC lifted its stake in Mastercard by 5.9% in the 4th quarter. Sage Mountain Advisors LLC now owns 3,542 shares of the credit services provider’s stock valued at $1,511,000 after purchasing an additional 196 shares during the last quarter. Monument Capital Management lifted its stake in Mastercard by 1.5% in the 4th quarter. Monument Capital Management now owns 2,035 shares of the credit services provider’s stock valued at $868,000 after purchasing an additional 31 shares during the last quarter. Telemus Capital LLC lifted its stake in Mastercard by 1.8% in the 4th quarter. Telemus Capital LLC now owns 22,042 shares of the credit services provider’s stock valued at $9,401,000 after purchasing an additional 385 shares during the last quarter. Finally, North Star Asset Management Inc. lifted its stake in Mastercard by 1.2% in the 4th quarter. North Star Asset Management Inc. now owns 39,658 shares of the credit services provider’s stock valued at $16,914,000 after purchasing an additional 470 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the sale, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the sale, the insider now owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold 148,630 shares of company stock valued at $68,440,330 over the last three months. 0.13% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of MA traded up $1.36 during mid-day trading on Monday, hitting $456.75. 2,140,385 shares of the company’s stock were exchanged, compared to its average volume of 2,398,549. The stock’s 50-day simple moving average is $471.70 and its 200-day simple moving average is $434.36. The firm has a market cap of $426.10 billion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 52 week low of $357.85 and a 52 week high of $490.00.

Mastercard (NYSE:MA) last announced its quarterly earnings data 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 business had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period last year, the firm posted $2.65 earnings per share. On average, equities research analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. The Goldman Sachs Group raised their target price on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Mizuho reiterated a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. TD Cowen initiated coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Finally, BMO Capital Markets increased their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $490.23.

Mastercard 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.