454 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Napatree Capital LLC

Napatree Capital LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 454 shares of the credit services provider’s stock, valued at approximately $249,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Mastercard during the 4th quarter worth $6,022,224,000. GAMMA Investing LLC lifted its stake in Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Northern Trust Corp grew its holdings in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares in the last quarter. Sanders Capital LLC bought a new position in Mastercard during the 4th quarter worth about $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Mastercard during the 4th quarter valued at about $561,313,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE:MA opened at $555.16 on Thursday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day moving average price of $567.85 and a 200-day moving average price of $548.05. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The firm has a market cap of $506.14 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the business earned $3.31 earnings per share. Equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio is currently 21.32%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $650.00 price target on shares of Mastercard in a report on Tuesday. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. Finally, Citigroup boosted their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Six research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the transaction, the insider owned 23,624 shares in the company, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock valued at $20,351,084 in the last three months. 0.09% of the stock is currently owned by company insiders.

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.