AlphaStar Capital Management LLC Buys 72 Shares of Mastercard Incorporated (NYSE:MA)

AlphaStar Capital Management LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA) by 4.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,700 shares of the credit services provider’s stock after acquiring an additional 72 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Mastercard were worth $932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Founders Financial Alliance LLC boosted its position in shares of Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock worth $356,000 after buying an additional 19 shares during the period. BlackDiamond Wealth Management LLC raised its position in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 19 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC raised its holdings in Mastercard by 2.6% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock valued at $388,000 after acquiring an additional 19 shares during the last quarter. Strategy Asset Managers LLC increased its holdings in shares of Mastercard by 2.1% during the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider’s stock worth $480,000 after buying an additional 19 shares during the last quarter. Finally, Phillips Wealth Planners LLC boosted its position in Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after purchasing an additional 19 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, Director Julius Genachowski sold 310 shares of Mastercard stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total transaction of $173,910.00. Following the completion of the sale, the director owned 8,323 shares of the company’s stock, valued at $4,669,203. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,441 shares of company stock valued at $20,173,035 in the last ninety days. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MA shares. UBS Group boosted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Citigroup raised their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $611.50.

Mastercard Stock Down 0.2%

Shares of Mastercard stock opened at $564.06 on Tuesday. The firm has a market cap of $514.26 billion, a PE ratio of 39.58, a P/E/G ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The business’s 50 day simple moving average is $567.45 and its 200 day simple moving average is $547.10. 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 released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $3.31 EPS. The company’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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.