Mastercard Incorporated (NYSE:MA) Position Boosted by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 18.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,190 shares of the credit services provider’s stock after acquiring an additional 1,122 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Mastercard were worth $3,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Whalerock Point Partners LLC lifted its holdings in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after buying an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock worth $37,841,000 after purchasing an additional 1,194 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Mastercard by 18.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock worth $3,766,000 after purchasing an additional 1,047 shares during the last quarter. Baldwin Investment Management LLC lifted its holdings in Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after purchasing an additional 93 shares during the last quarter. Finally, Norges Bank acquired a new stake in Mastercard in the 4th quarter worth approximately $6,022,224,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $546.71 on Friday. The stock has a market cap of $498.44 billion, a PE ratio of 38.34, a P/E/G ratio of 2.40 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock’s 50 day simple moving average is $562.44 and its 200-day simple moving average is $545.20.

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

Mastercard Announces Dividend

The business 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 $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 21.32%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MA shares. UBS Group boosted their target price on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. The Goldman Sachs Group restated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Truist Financial initiated coverage on Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price for the company. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $611.50.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider now owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,383 shares of company stock worth $19,035,108 over the last three months. Company insiders own 0.09% of the company’s stock.

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.