Mastercard Incorporated $MA Shares Bought by Broderick Brian C

Broderick Brian C increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 36,899 shares of the credit services provider’s stock after purchasing an additional 1,259 shares during the period. Mastercard makes up 3.4% of Broderick Brian C’s holdings, making the stock its 8th biggest holding. Broderick Brian C’s holdings in Mastercard were worth $18,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of MA. Riggs Asset Managment Co. Inc. boosted its stake in shares of Mastercard by 20.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after purchasing an additional 18 shares in the last quarter. Affinity Capital Advisors LLC grew its holdings in shares of Mastercard by 0.7% during the 4th quarter. Affinity Capital Advisors LLC now owns 2,939 shares of the credit services provider’s stock valued at $1,678,000 after purchasing an additional 19 shares during the last quarter. Abacus Planning Group Inc. increased its position in Mastercard by 3.3% during the 4th quarter. Abacus Planning Group Inc. now owns 590 shares of the credit services provider’s stock worth $337,000 after purchasing an additional 19 shares in the last quarter. Thomasville National Bank increased its position in Mastercard by 4.1% during the 4th quarter. Thomasville National Bank now owns 479 shares of the credit services provider’s stock worth $273,000 after purchasing an additional 19 shares in the last quarter. Finally, Castle Rock Wealth Management LLC lifted its stake in Mastercard by 2.8% in the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Raymond James Financial set a $609.00 price target on shares of Mastercard in a report on Friday, May 1st. Citigroup dropped their price target on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Barclays initiated coverage on Mastercard in a report on Wednesday, July 8th. They set an “overweight” rating and a $640.00 price objective on the stock. Finally, Royal Bank Of Canada reduced their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Eight research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $653.92.

Mastercard Stock Down 0.0%

NYSE:MA opened at $543.55 on Monday. The firm’s 50 day simple moving average is $503.99 and its 200 day simple moving average is $515.80. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.77. The company has a market cap of $480.27 billion, a PE ratio of 31.46, a P/E/G ratio of 1.70 and a beta of 0.73.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, topping 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 firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same period in the previous year, the firm posted $3.73 EPS. The company’s revenue for the quarter was up 15.8% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 19.62 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 1,977 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were 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 SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the completion of the sale, the insider owned 3,322 shares of the company’s stock, valued at $1,793,880. The trade was a 5.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 7,005 shares of company stock worth $3,689,976. 0.09% of the stock is currently owned by insiders.

About Mastercard

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.