Roof Eidam Maycock Peralta LLC Has $2.60 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Roof Eidam Maycock Peralta LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 6.5% in the 1st quarter, HoldingsChannel reports. The firm owned 4,741 shares of the credit services provider’s stock after acquiring an additional 290 shares during the period. Roof Eidam Maycock Peralta LLC’s holdings in Mastercard were worth $2,599,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after acquiring an additional 365,537 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. GAMMA Investing LLC increased its holdings in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Mastercard by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 7,610,333 shares of the credit services provider’s stock worth $4,007,373,000 after purchasing an additional 71,874 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Mastercard by 11.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,033,571 shares of the credit services provider’s stock worth $3,703,667,000 after purchasing an additional 724,887 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Morgan Stanley boosted their target price on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Finally, Citigroup boosted their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $615.33.

Mastercard Trading Up 0.6%

Shares of MA stock opened at $569.18 on Thursday. Mastercard Incorporated has a 52-week low of $449.04 and a 52-week high of $594.71. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50-day simple moving average of $564.40 and a two-hundred day simple moving average of $552.67. The company has a market capitalization of $518.93 billion, a price-to-earnings ratio of 38.38, a PEG ratio of 2.32 and a beta of 1.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 EPS. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced 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 0.5%. The ex-dividend date is Wednesday, July 9th. Mastercard’s payout ratio is presently 20.50%.

Insider Activity at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,603 shares of company stock valued at $20,265,667 in the last three months. 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.