Mastercard Incorporated $MA Shares Acquired by Regatta Capital Group LLC

Regatta Capital Group LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,940 shares of the credit services provider’s stock after acquiring an additional 40 shares during the period. Regatta Capital Group LLC’s holdings in Mastercard were worth $1,652,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Mascagni Wealth Management Inc. purchased a new position in Mastercard in the fourth quarter valued at approximately $73,000. Ameriflex Group Inc. purchased a new position in Mastercard in the fourth quarter valued at approximately $55,000. Probity Advisors Inc. purchased a new position in Mastercard in the fourth quarter valued at approximately $232,000. Finally, Mattson Financial Services LLC raised its holdings in Mastercard by 20.9% in the fourth quarter. Mattson Financial Services LLC now owns 2,941 shares of the credit services provider’s stock valued at $1,452,000 after buying an additional 509 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on MA. Wells Fargo & Company raised their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. TD Cowen restated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $630.89.

Mastercard Stock Down 0.2%

Shares of NYSE:MA opened at $568.63 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a fifty day simple moving average of $578.51 and a 200 day simple moving average of $559.55. The firm has a market cap of $514.05 billion, a PE ratio of 38.34, a price-to-earnings-growth ratio of 2.34 and a beta of 0.99. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company’s stock, 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. Insiders have sold a total of 37,449 shares of company stock worth $21,974,441 in the last ninety days. 0.09% of the stock is currently 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.