Trilogy Capital Inc. Takes $432,000 Position in Mastercard Incorporated (NYSE:MA)

Trilogy Capital Inc. bought a new stake in shares of Mastercard Incorporated (NYSE:MA) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 898 shares of the credit services provider’s stock, valued at approximately $432,000.

A number of other institutional investors have also recently modified their holdings of MA. Altshuler Shaham Ltd bought a new stake in shares of Mastercard during the 4th quarter worth $26,000. VitalStone Financial LLC lifted its position in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard during the 4th quarter worth $27,000. Westend Capital Management LLC bought a new stake in shares of Mastercard during the 1st quarter worth $27,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter worth $28,000. 97.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Barclays decreased their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. Mizuho decreased their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Piper Sandler initiated coverage on Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 target price for the company. Finally, Evercore ISI decreased their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Two analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock valued at $1,428,540,870 over the last ninety days. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Performance

Shares of MA traded down $1.59 on Friday, reaching $441.16. 4,105,179 shares of the company’s stock traded hands, compared to its average volume of 2,467,253. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market cap of $410.11 billion, a PE ratio of 35.07, a PEG ratio of 1.72 and a beta of 1.09. The stock’s 50 day simple moving average is $451.50 and its two-hundred day simple moving average is $453.11. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $2.80 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard Company 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.