1,514 Shares in Mastercard Incorporated $MA Acquired by Baer Investment Advisory LLC

Baer Investment Advisory LLC acquired a new position in shares of Mastercard Incorporated (NYSE:MAFree Report) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 1,514 shares of the credit services provider’s stock, valued at approximately $756,000.

Other large investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. raised its holdings 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 worth $26,000 after acquiring an additional 41 shares during the period. Strive Financial Group LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $27,000. Hyposwiss Advisors SA acquired a new stake in Mastercard during the fourth quarter worth about $29,000. Foster Dykema Cabot & Partners LLC raised 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 worth $32,000 after purchasing an additional 40 shares during the period. Finally, Bay Harbor Wealth Management LLC raised its stake in Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 20 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,977 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total value of $1,047,276.21. Following the sale, the insider owned 16,429 shares of the company’s stock, valued at $8,702,934.17. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.09% of the stock is currently owned by insiders.

Mastercard Trading Down 0.1%

Shares of MA stock opened at $539.00 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $476.25 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 1.68 and a beta of 0.73. The company has a 50-day moving average of $497.92 and a two-hundred day moving average of $518.96. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.77.

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

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MA shares. UBS Group reiterated a “buy” rating on shares of Mastercard in a report on Thursday, June 25th. BNP Paribas Exane raised 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. Tigress Financial upped their price objective on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a report on Friday, March 13th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Susquehanna cut their target price on Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $653.81.

Get Our Latest Stock Analysis on Mastercard

Mastercard Company Profile

(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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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