Mastercard Incorporated (NYSE:MA) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 82.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,086 shares of the credit services provider’s stock after acquiring an additional 1,846 shares during the quarter. Larson Financial Group LLC’s holdings in Mastercard were worth $2,240,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MA. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard during the fourth quarter valued at approximately $31,000. Navigoe LLC acquired a new position in shares of Mastercard during the fourth quarter valued at approximately $33,000. 10Elms LLP acquired a new position in shares of Mastercard during the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC acquired a new position in shares of Mastercard during the first quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock valued at $20,351,084 in the last three months. 0.09% of the stock is currently owned by insiders.

Mastercard Trading Down 0.5%

MA opened at $550.33 on Wednesday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The business has a fifty day simple moving average of $568.07 and a 200-day simple moving average of $548.00. The firm has a market cap of $501.74 billion, a P/E ratio of 38.59, a P/E/G ratio of 2.40 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

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

Mastercard Dividend Announcement

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 paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard’s payout ratio is currently 21.32%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MA. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, June 6th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Finally, Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Six investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $611.50.

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.