Mattern Capital Management LLC Increases Stock Holdings in Mastercard Incorporated (NYSE:MA)

Mattern Capital Management LLC lifted its stake in Mastercard Incorporated (NYSE:MA) by 493.5% in the first quarter, Holdings Channel.com reports. The firm owned 7,543 shares of the credit services provider’s stock after buying an additional 6,272 shares during the period. Mattern Capital Management LLC’s holdings in Mastercard were worth $4,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MA. Norges Bank purchased a new position in Mastercard during the 4th quarter valued at $6,022,224,000. GAMMA Investing LLC boosted its holdings in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Raymond James Financial Inc. purchased a new position in Mastercard during the 4th quarter valued at $837,017,000. Proficio Capital Partners LLC boosted its holdings in Mastercard by 79,739.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider’s stock valued at $818,962,000 after acquiring an additional 1,553,329 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Mastercard by 15.2% in 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 buying an additional 1,207,787 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Trading Up 2.8%

Mastercard stock opened at $557.69 on Wednesday. The stock has a 50-day moving average of $561.13 and a two-hundred day moving average of $545.00. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The stock has a market cap of $508.45 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

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 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 company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the business posted $3.31 earnings per share. The firm’s revenue was up 14.2% compared to the same quarter last year. On average, research analysts anticipate 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 will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MA shares. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. KeyCorp upped their target price on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price for the company. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $588.18, for a total value of $5,545,361.04. Following the completion of the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,379,709.18. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,115 shares of company stock worth $18,324,718. 0.09% of the stock is owned by insiders.

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.