Mastercard Incorporated (NYSE:MA) Shares Bought by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC grew its stake in Mastercard Incorporated (NYSE:MA) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,217 shares of the credit services provider’s stock after acquiring an additional 86 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Mastercard were worth $2,031,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after buying an additional 330,872 shares during the last quarter. Capital International Investors raised its position in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after purchasing an additional 676,452 shares during the period. Capital Research Global Investors lifted its stake in shares of Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares during the last quarter. Norges Bank purchased a new position in shares of Mastercard during the 4th quarter worth $4,595,559,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Mastercard by 2.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock valued at $1,989,875,000 after buying an additional 107,953 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 151,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the transaction, the insider now owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Raj Seshadri sold 5,216 shares of the stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the transaction, the insider now owns 15,183 shares of the company’s stock, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. Insiders sold a total of 2,720,228 shares of company stock valued at $1,224,758,080 in the last ninety days. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MA shares. Morgan Stanley lowered their target price on shares of Mastercard from $536.00 to $524.00 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 report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price for the company. JPMorgan Chase & Co. cut their target price on Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a research report on Thursday, July 18th. Mizuho decreased their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Evercore ISI lowered their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Three research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $501.23.

Mastercard Stock Performance

Shares of MA traded up $3.12 during midday trading on Monday, reaching $441.30. 2,047,030 shares of the stock were exchanged, compared to its average volume of 2,488,226. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $410.24 billion, a price-to-earnings ratio of 34.82, a PEG ratio of 1.73 and a beta of 1.09. The business’s 50-day moving average price is $446.50 and its 200 day moving average price is $456.08.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period last year, the firm posted $2.80 EPS. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts expect that Mastercard Incorporated will post 14.25 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard Profile

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.