Mastercard Incorporated (NYSE:MA) Holdings Raised by NorthRock Partners LLC

NorthRock Partners LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,477 shares of the credit services provider’s stock after purchasing an additional 612 shares during the quarter. NorthRock Partners LLC’s holdings in Mastercard were worth $3,601,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisors LLC raised its holdings in Mastercard by 32.6% during the 4th quarter. Capital Investment Advisors LLC now owns 4,498 shares of the credit services provider’s stock worth $1,918,000 after buying an additional 1,106 shares during the period. Tompkins Financial Corp raised its holdings in Mastercard by 5.0% during the 4th quarter. Tompkins Financial Corp now owns 21,733 shares of the credit services provider’s stock worth $9,269,000 after buying an additional 1,041 shares during the period. Pure Financial Advisors LLC raised its holdings in Mastercard by 28.7% during the 4th quarter. Pure Financial Advisors LLC now owns 879 shares of the credit services provider’s stock worth $375,000 after buying an additional 196 shares during the period. Fragasso Group Inc. raised its holdings in Mastercard by 3.1% during the 4th quarter. Fragasso Group Inc. now owns 1,171 shares of the credit services provider’s stock worth $500,000 after buying an additional 35 shares during the period. Finally, Agate Pass Investment Management LLC raised its holdings in Mastercard by 3.7% during the 4th quarter. Agate Pass Investment Management LLC now owns 7,368 shares of the credit services provider’s stock worth $3,143,000 after buying an additional 265 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at $26,585,476.40. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock worth $1,428,540,870 over the last three months. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on MA. Morgan Stanley cut their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Robert W. Baird lifted their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. lowered their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. TD Cowen began coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Finally, Barclays lowered their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research note on Monday, May 6th. Three 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $498.57.

Mastercard Stock Performance

Mastercard stock traded up $3.89 during trading hours on Monday, reaching $444.00. 1,709,613 shares of the company were exchanged, compared to its average volume of 2,480,124. The firm has a market cap of $412.75 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.74 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a 50-day moving average of $449.25 and a 200 day moving average of $454.74. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the company earned $2.80 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 14.26 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 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Mastercard Company 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.