Mastercard Incorporated (NYSE:MA) Shares Acquired by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC raised its position in Mastercard Incorporated (NYSE:MA) by 0.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,141 shares of the credit services provider’s stock after purchasing an additional 32 shares during the period. Sage Mountain Advisors LLC’s holdings in Mastercard were worth $2,818,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Whalerock Point Partners LLC boosted its stake in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after purchasing an additional 185 shares during the last quarter. Fortis Advisors LLC boosted its position in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after acquiring an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its position in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after acquiring an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock worth $3,766,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its position in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after acquiring an additional 93 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Truist Financial started coverage on Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target on the stock. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Jefferies Financial Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $611.50.

Mastercard Stock Performance

Mastercard stock opened at $553.12 on Tuesday. The stock’s 50 day moving average price is $568.26 and its 200 day moving average price is $547.98. Mastercard Incorporated has a one year low of $428.86 and a one year 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 firm has a market capitalization of $504.28 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

Mastercard (NYSE:MA) last posted its earnings results 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 net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the company posted $3.31 earnings per share. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio is currently 21.32%.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is owned by corporate insiders.

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.