Park Place Capital Corp Has $1.32 Million Position in Mastercard Incorporated (NYSE:MA)

Park Place Capital Corp increased its position in Mastercard Incorporated (NYSE:MA) by 9.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,735 shares of the credit services provider’s stock after buying an additional 242 shares during the quarter. Park Place Capital Corp’s holdings in Mastercard were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. O ROURKE & COMPANY Inc acquired a new position in shares of Mastercard in the first quarter valued at approximately $202,000. Claro Advisors LLC increased its position in Mastercard by 4.7% during the 1st quarter. Claro Advisors LLC now owns 3,522 shares of the credit services provider’s stock valued at $1,696,000 after purchasing an additional 158 shares during the period. Talbot Financial LLC increased its position in Mastercard by 1.8% during the 1st quarter. Talbot Financial LLC now owns 15,376 shares of the credit services provider’s stock valued at $7,405,000 after purchasing an additional 276 shares during the period. Miracle Mile Advisors LLC increased its position in Mastercard by 11.8% during the 1st quarter. Miracle Mile Advisors LLC now owns 6,300 shares of the credit services provider’s stock valued at $3,034,000 after purchasing an additional 663 shares during the period. Finally, MGO Private Wealth LLC increased its position in Mastercard by 72.3% during the 1st quarter. MGO Private Wealth LLC now owns 1,358 shares of the credit services provider’s stock valued at $654,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA traded down $3.55 during trading hours on Monday, hitting $437.61. The stock had a trading volume of 2,883,885 shares, compared to its average volume of 2,466,282. The company’s fifty day simple moving average is $451.50 and its 200 day simple moving average is $453.31. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The stock has a market cap of $406.81 billion, a PE ratio of 34.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the firm posted $2.80 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Analyst Ratings Changes

A number of research firms have weighed in on MA. Mizuho decreased their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. TD Cowen began coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Evercore ISI decreased their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Morgan Stanley reduced their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Hai Ling sold 2,892 shares of Mastercard stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $460.00, for a total value of $1,330,320.00. Following the transaction, the insider now directly owns 21,420 shares of the company’s stock, valued at approximately $9,853,200. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,163,228 shares of company stock valued at $1,428,540,870. 0.10% of the stock is owned by insiders.

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.