Mastercard Incorporated (NYSE:MA) Shares Bought by United Community Bank

United Community Bank boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,033 shares of the credit services provider’s stock after purchasing an additional 90 shares during the quarter. United Community Bank’s holdings in Mastercard were worth $1,662,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MA. Massachusetts Financial Services Co. MA grew its holdings in shares of Mastercard by 1.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 5,072,427 shares of the credit services provider’s stock worth $2,780,299,000 after acquiring an additional 48,533 shares during the last quarter. Dakota Wealth Management grew its position in Mastercard by 4.1% during the 1st quarter. Dakota Wealth Management now owns 13,296 shares of the credit services provider’s stock worth $7,288,000 after acquiring an additional 518 shares during the last quarter. Sumitomo Life Insurance Co. boosted its position in Mastercard by 7.3% in the 1st quarter. Sumitomo Life Insurance Co. now owns 34,657 shares of the credit services provider’s stock valued at $18,996,000 after buying an additional 2,353 shares during the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Mastercard by 4.8% in the 1st quarter. SBI Securities Co. Ltd. now owns 8,227 shares of the credit services provider’s stock worth $4,509,000 after purchasing an additional 380 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in Mastercard by 37.3% during the first quarter. Apollon Wealth Management LLC now owns 44,614 shares of the credit services provider’s stock worth $24,454,000 after acquiring an additional 12,110 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction on Friday, June 20th. The shares were 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 owned 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock worth $20,351,084 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on MA. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research note on Monday, May 5th. KeyCorp lifted their price target on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price on the stock. Finally, Truist Financial started coverage on Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price on the stock. Seven research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $611.50.

Mastercard Price Performance

Shares of MA stock opened at $550.04 on Monday. 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 firm’s 50-day moving average is $568.42 and its two-hundred day moving average is $547.84. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a market capitalization of $501.48 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

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

Mastercard Announces Dividend

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

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.