Mastercard Incorporated (NYSE:MA) Shares Bought by SRN Advisors LLC

SRN Advisors LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 28.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,726 shares of the credit services provider’s stock after purchasing an additional 1,485 shares during the quarter. Mastercard accounts for 2.5% of SRN Advisors LLC’s investment portfolio, making the stock its biggest holding. SRN Advisors LLC’s holdings in Mastercard were worth $3,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hoxton Planning & Management LLC raised its stake in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after purchasing an additional 22 shares during the period. Carolinas Wealth Consulting LLC boosted its position in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after purchasing an additional 23 shares during the last quarter. Benin Management CORP increased its position in Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the last quarter. Atticus Wealth Management LLC raised its stake in shares of Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC lifted its holdings in shares of Mastercard by 0.3% during the 1st quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock valued at $3,314,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA traded down $0.39 on Friday, hitting $462.02. The stock had a trading volume of 3,808,080 shares, compared to its average volume of 2,706,904. The firm’s 50 day moving average price is $446.48 and its 200-day moving average price is $456.83. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.09 and a current ratio of 1.14. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a market capitalization of $429.50 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 1.82 and a beta of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating 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 net margin of 46.45% and a return on equity of 179.78%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.80 earnings per share. On average, equities research analysts predict that Mastercard Incorporated will post 14.27 earnings per share for the current year.

Mastercard Announces Dividend

The firm 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 dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity at Mastercard

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 transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 151,000 shares of Mastercard 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 sale, the insider now directly owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Insiders sold 2,462,228 shares of company stock valued at $1,110,349,560 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MA. TD Cowen boosted their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays lowered their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. BNP Paribas upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lowered their target price on Mastercard from $510.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, July 18th. Finally, Piper Sandler upped their target price on shares of Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $507.27.

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.