Mastercard Incorporated $MA Holdings Lifted by Private Wealth Partners LLC

Private Wealth Partners LLC increased its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 10.8% during the first quarter, Holdings Channel.com reports. The fund owned 16,330 shares of the credit services provider’s stock after acquiring an additional 1,587 shares during the quarter. Private Wealth Partners LLC’s holdings in Mastercard were worth $8,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new position in shares of Mastercard in the 4th quarter worth approximately $27,000. Hyposwiss Advisors SA bought a new stake in shares of Mastercard in the 4th quarter worth approximately $29,000. First Pacific Financial raised its holdings in shares of Mastercard by 113.8% in the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC lifted its stake in Mastercard by 250.0% during the third quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 40 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MA has been the topic of several recent research reports. BNP Paribas Exane upgraded shares of Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price target on the stock in a research report on Thursday, March 19th. Morgan Stanley reiterated an “overweight” rating and set a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. UBS Group restated a “buy” rating on shares of Mastercard in a report on Thursday, June 25th. Finally, Susquehanna cut their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Seven analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $653.81.

Read Our Latest Stock Analysis on MA

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the sale, the insider owned 16,429 shares of the company’s stock, valued at $8,702,934.17. This trade represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

MA opened at $539.00 on Friday. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The firm has a market capitalization of $476.25 billion, a P/E ratio of 31.19, a PEG ratio of 1.68 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a fifty day moving average of $497.92 and a 200-day moving average of $518.96.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.73 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 19.61 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given a $0.87 dividend. The ex-dividend date is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio is presently 20.14%.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Recommended Stories

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.