Latitude Advisors LLC Has $882,000 Stake in Mastercard Incorporated (NYSE:MA)

Latitude Advisors LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 20.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,609 shares of the credit services provider’s stock after purchasing an additional 271 shares during the quarter. Latitude Advisors LLC’s holdings in Mastercard were worth $882,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NewSquare Capital LLC purchased a new stake in shares of Mastercard in the fourth quarter worth approximately $26,000. Measured Risk Portfolios Inc. bought a new stake in Mastercard during the fourth quarter worth $31,000. 10Elms LLP purchased a new stake in Mastercard in the 4th quarter valued at $33,000. Navigoe LLC bought a new position in Mastercard during the 4th quarter valued at $33,000. Finally, Truvestments Capital LLC boosted its holdings in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MA shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price on the stock. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. UBS Group lifted 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. Finally, Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

Mastercard Stock Performance

NYSE MA opened at $561.75 on Thursday. The company has a fifty day moving average of $565.55 and a 200-day moving average of $546.00. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $512.15 billion, a P/E ratio of 39.39, a P/E/G ratio of 2.45 and a beta of 1.02.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 21.32%.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider owned 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider directly owned 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,441 shares of company stock worth $20,173,035 over the last quarter. Company insiders own 0.09% of the company’s stock.

About Mastercard

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.