Capital Advisors Ltd. LLC Boosts Position in Mastercard Incorporated (NYSE:MA)

Capital Advisors Ltd. LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,690 shares of the credit services provider’s stock after purchasing an additional 50 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Mastercard were worth $1,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC increased its position in shares of Mastercard by 8.1% during the 3rd quarter. Lazard Asset Management LLC now owns 428,632 shares of the credit services provider’s stock worth $169,697,000 after purchasing an additional 32,167 shares during the last quarter. Becker Capital Management Inc. boosted its stake in Mastercard by 23.6% during the third quarter. Becker Capital Management Inc. now owns 1,315 shares of the credit services provider’s stock worth $521,000 after buying an additional 251 shares during the period. Truist Financial Corp increased its position in shares of Mastercard by 14.3% during the third quarter. Truist Financial Corp now owns 380,630 shares of the credit services provider’s stock valued at $150,695,000 after acquiring an additional 47,628 shares during the last quarter. Advanced Portfolio Management LLC acquired a new position in shares of Mastercard in the 3rd quarter worth approximately $413,000. Finally, Axxcess Wealth Management LLC boosted its position in shares of Mastercard by 286.4% during the 3rd quarter. Axxcess Wealth Management LLC now owns 15,837 shares of the credit services provider’s stock worth $6,270,000 after purchasing an additional 11,738 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on MA shares. Susquehanna restated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Robert W. Baird upped their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Evercore ISI dropped their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. Mizuho reduced their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, TD Cowen began coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the transaction, the insider now owns 96,996,308 shares of the company’s stock, valued at $44,887,951,416.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the sale, the insider now owns 96,996,308 shares of the company’s stock, valued at approximately $44,887,951,416.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,163,228 shares of company stock valued at $1,428,540,870. 0.10% of the stock is currently owned by insiders.

Mastercard Trading Up 1.6 %

Mastercard stock traded up $6.93 during trading on Tuesday, hitting $444.54. The company’s stock had a trading volume of 1,383,055 shares, compared to its average volume of 2,457,688. The stock’s fifty day moving average is $451.12 and its 200 day moving average is $453.44. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The stock has a market capitalization of $413.25 billion, a price-to-earnings ratio of 35.17, a P/E/G ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the firm posted $2.80 EPS. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts predict that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.59%. Mastercard’s payout ratio is currently 20.99%.

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.