425 Shares in Mastercard Incorporated (NYSE:MA) Bought by BluePath Capital Management LLC

BluePath Capital Management LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 425 shares of the credit services provider’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently bought and sold shares of MA. Axxcess Wealth Management LLC increased its stake in shares of Mastercard by 286.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 15,837 shares of the credit services provider’s stock valued at $6,270,000 after acquiring an additional 11,738 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Mastercard by 5.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock worth $2,181,964,000 after purchasing an additional 306,663 shares in the last quarter. Alta Fox Capital Management LLC bought a new stake in Mastercard during the 3rd quarter worth approximately $1,663,000. Alps Advisors Inc. increased its stake in Mastercard by 207.0% during the 3rd quarter. Alps Advisors Inc. now owns 61,096 shares of the credit services provider’s stock worth $24,189,000 after purchasing an additional 41,192 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of Mastercard by 16.8% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 963,110 shares of the credit services provider’s stock worth $381,305,000 after acquiring an additional 138,700 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on 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 directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is owned by insiders.

Mastercard Trading Up 0.8 %

MA traded up $3.53 on Wednesday, hitting $448.18. 3,192,304 shares of the company were exchanged, compared to its average volume of 2,468,814. The stock has a market capitalization of $416.63 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The firm has a fifty day simple moving average of $450.76 and a two-hundred day simple moving average of $453.63. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

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

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is presently 20.99%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MA. Mizuho decreased their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. 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 note on Tuesday, June 25th. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Piper Sandler started coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price for the company. Finally, Wells Fargo & Company raised their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $496.91.

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.