Prudent Man Advisors LLC Has $1.41 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Prudent Man Advisors LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,573 shares of the credit services provider’s stock after buying an additional 39 shares during the period. Prudent Man Advisors LLC’s holdings in Mastercard were worth $1,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider’s stock valued at $1,555,000 after purchasing an additional 1,006 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in shares of Mastercard in the 4th quarter valued at about $73,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Mastercard by 25.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,549 shares of the credit services provider’s stock valued at $6,081,000 after purchasing an additional 2,330 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the firm’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider directly owned 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the firm’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This represents a 7.85% 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 over the last three months. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $550.04 on Friday. The stock has a market capitalization of $501.48 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a 50 day moving average of $568.42 and a 200-day moving average of $547.76. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. 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 earned $3.31 EPS. The business’s quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date 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%.

Analyst Ratings Changes

MA has been the topic of a number of analyst reports. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. KeyCorp increased their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target on the stock. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Seven investment 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $611.50.

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.