Cloud Capital Management LLC Invests $48,000 in Mastercard Incorporated (NYSE:MA)

Cloud Capital Management LLC bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 87 shares of the credit services provider’s stock, valued at approximately $48,000.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Norges Bank acquired a new position in Mastercard in the fourth quarter valued at approximately $6,022,224,000. GAMMA Investing LLC lifted its holdings in Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock valued at $4,508,636,000 after acquiring an additional 8,213,123 shares during the last quarter. Northern Trust Corp lifted its holdings in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after acquiring an additional 1,207,787 shares during the last quarter. Sanders Capital LLC acquired a new position in Mastercard in the fourth quarter valued at approximately $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mastercard in the fourth quarter valued at approximately $561,313,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Up 0.9%

Mastercard stock opened at $566.53 on Monday. The firm has a market capitalization of $516.51 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.47 and a beta of 1.02. The stock’s fifty day simple moving average is $566.83 and its 200-day simple moving average is $546.84. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71.

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

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

Insider Transactions at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the transaction, the insider owned 25,540 shares of the company’s stock, valued at $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Julius Genachowski sold 310 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the transaction, the director directly owned 8,323 shares in the company, valued at $4,669,203. This trade represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,441 shares of company stock valued at $20,173,035 over the last ninety days. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of a number of recent analyst reports. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. Macquarie decreased their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Finally, Truist Financial assumed coverage on Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $611.50.

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.