Tectonic Advisors LLC Acquires 402 Shares of Mastercard Incorporated (NYSE:MA)

Tectonic Advisors LLC grew its holdings in Mastercard Incorporated (NYSE:MA) by 9.4% in the 1st quarter, Holdings Channel reports. The fund owned 4,682 shares of the credit services provider’s stock after purchasing an additional 402 shares during the quarter. Tectonic Advisors LLC’s holdings in Mastercard were worth $2,566,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MA. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth about $6,022,224,000. GAMMA Investing LLC boosted its position in 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 valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Northern Trust Corp boosted its position in Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Sanders Capital LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mastercard during the fourth quarter valued at approximately $561,313,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares of the company’s stock, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,753 shares of company stock worth $20,351,084. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. UBS Group increased their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday. Macquarie cut their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

Mastercard Price Performance

Mastercard stock opened at $553.12 on Tuesday. The stock’s fifty day moving average price is $568.26 and its two-hundred day moving average price is $547.98. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. 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 has a market cap of $504.28 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the company posted $3.31 EPS. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 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.