First Affirmative Financial Network bought a new stake in Mastercard Incorporated (NYSE:MA – Get Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 590 shares of the credit services provider’s stock, valued at approximately $211,000.
Several other hedge funds and other institutional investors have also modified their holdings of MA. Dixon Hughes Goodman Wealth Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $37,000. Western Pacific Wealth Management LP acquired a new stake in shares of Mastercard in the fourth quarter valued at about $39,000. Industrial Alliance Investment Management Inc. acquired a new stake in Mastercard during the fourth quarter worth about $42,000. American National Bank acquired a new stake in Mastercard during the first quarter worth about $46,000. Finally, Tortoise Investment Management LLC increased its position in Mastercard by 71.4% during the fourth quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock worth $47,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 74.94% of the company’s stock.
In related news, major shareholder Foundation Mastercard sold 106,326 shares of Mastercard stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $329.93, for a total value of $35,080,137.18. Following the completion of the transaction, the insider now owns 104,054,624 shares in the company, valued at $34,330,742,096.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 1,561 shares of Mastercard stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total transaction of $569,765.00. The disclosure for this sale can be found here. In the last three months, insiders sold 327,543 shares of company stock valued at $108,482,025. Insiders own 0.33% of the company’s stock.
Mastercard (NYSE:MA – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.17 by $0.59. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter last year, the firm posted $1.74 earnings per share. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 10.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 9th. Stockholders of record on Friday, July 8th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, July 7th. Mastercard’s payout ratio is 20.40%.
MA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. Bank of America cut their price objective on shares of Mastercard from $416.00 to $402.00 and set a “buy” rating for the company in a research report on Monday, April 18th. Barclays cut their price objective on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. BMO Capital Markets cut their price objective on shares of Mastercard from $412.00 to $402.00 in a research report on Friday, April 29th. Finally, Piper Sandler cut shares of Mastercard from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $360.00 to $357.00 in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $422.94.
Mastercard Profile (Get Rating)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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