Vicus Capital Has $861,000 Position in Mastercard Incorporated (NYSE:MA)

Vicus Capital raised its position in Mastercard Incorporated (NYSE:MA) by 40.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,788 shares of the credit services provider’s stock after purchasing an additional 512 shares during the period. Vicus Capital’s holdings in Mastercard were worth $861,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in Mastercard during the 4th quarter worth approximately $26,000. VitalStone Financial LLC increased its position in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in shares of Mastercard during the fourth quarter worth $27,000. Westend Capital Management LLC acquired a new stake in shares of Mastercard during the first quarter worth $27,000. Finally, Scarborough Advisors LLC acquired a new position in Mastercard in the 4th quarter worth $28,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 110,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the sale, the insider now owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the sale, the insider now directly owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Mastercard stock traded down $1.59 during mid-day trading on Friday, hitting $441.16. 4,105,179 shares of the company’s stock traded hands, compared to its average volume of 2,467,253. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The stock has a market cap of $410.11 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 1.73 and a beta of 1.09. The firm has a 50 day simple moving average of $451.50 and a two-hundred day simple moving average of $453.11. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.80 EPS. On average, research analysts expect that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Mizuho cut their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Piper Sandler began coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. TD Cowen started coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. Finally, Barclays reduced their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $496.91.

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.