Bartlett & CO. Wealth Management LLC Purchases 4,556 Shares of Mastercard Incorporated $MA

Bartlett & CO. Wealth Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 1.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,525 shares of the credit services provider’s stock after purchasing an additional 4,556 shares during the quarter. Mastercard accounts for 2.3% of Bartlett & CO. Wealth Management LLC’s portfolio, making the stock its 9th largest position. Bartlett & CO. Wealth Management LLC’s holdings in Mastercard were worth $172,168,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Mastercard by 820.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Mastercard during the 4th quarter worth approximately $27,000. Hyposwiss Advisors SA bought a new position in Mastercard in the fourth quarter valued at approximately $29,000. First Pacific Financial boosted its holdings in shares of Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after buying an additional 33 shares during the period. Finally, Bay Harbor Wealth Management LLC increased its position in shares of Mastercard by 54.1% during the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock worth $33,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at $1,793,880. This trade represents a 5.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of Mastercard 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 completion of the transaction, the insider directly owned 16,429 shares of the company’s stock, valued at $8,702,934.17. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 7,005 shares of company stock valued at $3,689,976. 0.09% of the stock is owned by company insiders.

Mastercard Stock Down 1.4%

MA stock opened at $543.55 on Friday. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $480.27 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 1.72 and a beta of 0.73. The business’s fifty day moving average price is $503.99 and its two-hundred day moving average price is $516.23. Mastercard Incorporated has a fifty-two week low of $464.52 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the previous year, the business posted $3.73 earnings per share. Mastercard’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 19.62 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be given 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 dividend payout ratio is presently 20.14%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MA shares. TD Cowen reduced their target price on shares of Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Loop Capital reiterated a “buy” rating and set a $631.00 price objective on shares of Mastercard in a research note on Wednesday, June 3rd. Dbs Bank raised shares of Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. UBS Group reiterated a “buy” rating on shares of Mastercard in a report on Thursday, June 25th. Finally, Piper Sandler began coverage on shares of Mastercard in a research note on Monday, June 29th. They issued an “overweight” rating and a $597.00 price target on the stock. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $653.92.

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.