Mastercard Incorporated (NYSE:MA) Shares Acquired by New World Advisors LLC

New World Advisors LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 15.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,478 shares of the credit services provider’s stock after buying an additional 203 shares during the period. Mastercard makes up approximately 0.2% of New World Advisors LLC’s portfolio, making the stock its 18th largest position. New World Advisors LLC’s holdings in Mastercard were worth $810,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MA. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after buying an additional 7,452 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in Mastercard by 10.3% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 2,669 shares of the credit services provider’s stock worth $1,406,000 after buying an additional 249 shares during the last quarter. Exchange Capital Management Inc. boosted its position in shares of Mastercard by 4.7% during the 4th quarter. Exchange Capital Management Inc. now owns 470 shares of the credit services provider’s stock worth $247,000 after acquiring an additional 21 shares in the last quarter. Finally, FFT Wealth Management LLC increased its holdings in shares of Mastercard by 3.1% in the 4th quarter. FFT Wealth Management LLC now owns 2,733 shares of the credit services provider’s stock valued at $1,439,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 1.3%

Shares of Mastercard stock opened at $550.02 on Thursday. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The stock has a market capitalization of $501.46 billion, a P/E ratio of 38.57, a PEG ratio of 2.43 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a 50 day moving average price of $561.86 and a two-hundred day moving average price of $545.04.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the company posted $3.31 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

Insider Activity at Mastercard

In related news, insider Raj Seshadri sold 949 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $535.80, for a total value of $508,474.20. Following the completion of the transaction, the insider now owns 14,021 shares in the company, valued at $7,512,451.80. The trade was a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,115 shares of company stock valued at $18,324,718 in the last 90 days. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Monness Crespi & Hardt cut shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. KeyCorp lifted their target price on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Finally, Citigroup upped their target price on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $610.00.

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.