MBB Public Markets I LLC Takes Position in Mastercard Incorporated $MA

MBB Public Markets I LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 590 shares of the credit services provider’s stock, valued at approximately $323,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vancity Investment Management Ltd bought a new stake in shares of Mastercard during the first quarter valued at approximately $9,974,000. Ascent Group LLC raised its holdings in shares of Mastercard by 7.5% in the first quarter. Ascent Group LLC now owns 26,749 shares of the credit services provider’s stock valued at $14,662,000 after acquiring an additional 1,875 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in shares of Mastercard by 3.9% in the first quarter. Arete Wealth Advisors LLC now owns 4,218 shares of the credit services provider’s stock valued at $2,313,000 after acquiring an additional 157 shares in the last quarter. Strait & Sound Wealth Management LLC raised its holdings in shares of Mastercard by 1.4% in the first quarter. Strait & Sound Wealth Management LLC now owns 3,782 shares of the credit services provider’s stock valued at $2,073,000 after acquiring an additional 52 shares in the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of Mastercard in the first quarter valued at about $1,920,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

NYSE MA opened at $587.49 on Tuesday. The firm’s fifty day simple moving average is $573.10 and its two-hundred day simple moving average is $557.69. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The firm has a market capitalization of $531.10 billion, a P/E ratio of 39.62, a P/E/G ratio of 2.40 and a beta of 0.99.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the company earned $3.50 earnings per share. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Finally, Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $626.54.

Insiders Place Their Bets

In other Mastercard news, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This trade represents a 3.55% 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 the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the firm’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,481 shares of company stock valued at $32,616,595. 0.09% of the stock is currently owned by corporate insiders.

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.