Nitorum Capital L.P. Sells 15,813 Shares of Mastercard Incorporated (NYSE:MA)

by · The Cerbat Gem

Nitorum Capital L.P. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,731 shares of the credit services provider’s stock after selling 15,813 shares during the period. Mastercard comprises approximately 3.0% of Nitorum Capital L.P.’s investment portfolio, making the stock its 14th biggest position. Nitorum Capital L.P.’s holdings in Mastercard were worth $25,660,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC boosted its holdings in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after purchasing an additional 912,856 shares during the period. Geode Capital Management LLC grew its stake in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after purchasing an additional 282,739 shares in the last quarter. Norges Bank purchased a new position in Mastercard during the 4th quarter worth $6,022,224,000. Finally, Wellington Management Group LLP raised its position in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after purchasing an additional 817,836 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company’s 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 position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MA shares. Citigroup increased their price target on Mastercard from $584.00 to $650.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Royal Bank of Canada increased their target price on shares of Mastercard from $572.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Morgan Stanley reduced their price target on shares of Mastercard from $654.00 to $644.00 and set an “overweight” rating for the company in a report on Friday, January 31st. KeyCorp increased their price objective on shares of Mastercard from $600.00 to $630.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Susquehanna lifted their price objective on shares of Mastercard from $605.00 to $670.00 and gave the company a “positive” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $607.96.

View Our Latest Analysis on MA

Mastercard Price Performance

Shares of MA opened at $533.26 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $534.04 and its 200-day moving average price is $529.89. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $582.23. The firm has a market capitalization of $486.18 billion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06.

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

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Wednesday, April 9th. Mastercard’s dividend payout ratio is presently 21.89%.

About Mastercard

(Free Report)

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.

See Also

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