FCG Investment Co Increases Stake in Mastercard Incorporated (NYSE:MA)

FCG Investment Co raised its position in shares of Mastercard Incorporated (NYSE:MA) by 99.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,209 shares of the credit services provider’s stock after acquiring an additional 2,592 shares during the quarter. Mastercard makes up approximately 2.0% of FCG Investment Co’s holdings, making the stock its 11th largest position. FCG Investment Co’s holdings in Mastercard were worth $2,508,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westend Capital Management LLC bought a new position in shares of Mastercard during the first quarter valued at approximately $27,000. VitalStone Financial LLC increased its position in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. Altshuler Shaham Ltd purchased a new position in Mastercard during the fourth quarter valued at $26,000. LFA Lugano Financial Advisors SA bought a new stake in Mastercard in the fourth quarter worth $27,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Mastercard in the fourth quarter worth $28,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE MA traded up $3.53 during trading hours on Thursday, hitting $448.18. 3,192,350 shares of the company’s stock traded hands, compared to its average volume of 2,526,183. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The firm has a market capitalization of $416.63 billion, a P/E ratio of 35.63, a P/E/G ratio of 1.74 and a beta of 1.09. 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 business’s fifty day moving average price is $450.47 and its two-hundred day moving average price is $453.59.

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

Mastercard Announces Dividend

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

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the sale, the insider now owns 97,215,308 shares in the company, valued at approximately $44,472,114,797.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, 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 transaction of $4,038,043.84. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the transaction, the insider now directly owns 97,215,308 shares of the company’s stock, valued at $44,472,114,797.68. The disclosure for this sale can be found here. Insiders have sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. 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 note on Tuesday, June 25th. TD Cowen initiated coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Barclays lowered their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Finally, Piper Sandler initiated coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price for the company. 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $496.91.

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.