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

Dunhill Financial LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 265.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,600 shares of the credit services provider’s stock after purchasing an additional 2,614 shares during the quarter. Mastercard comprises 0.9% of Dunhill Financial LLC’s investment portfolio, making the stock its 21st largest holding. Dunhill Financial LLC’s holdings in Mastercard were worth $1,973,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after buying an additional 377,302 shares during the last quarter. FMR LLC increased its position in Mastercard by 4.3% in the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after acquiring an additional 912,856 shares during the period. Geode Capital Management LLC raised its stake in Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after acquiring an additional 282,739 shares during the last quarter. Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at approximately $6,022,224,000. Finally, Wellington Management Group LLP lifted its position in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after acquiring an additional 817,836 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other news, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. The trade was a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the sale, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,513 shares of company stock worth $23,166,463 over the last ninety days. 0.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Stock Up 0.2%

Mastercard stock opened at $569.56 on Wednesday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm has a market capitalization of $519.27 billion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The stock’s fifty day moving average is $558.05 and its two-hundred day moving average is $544.46. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating 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 firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the company earned $3.31 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

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.