Personal CFO Solutions LLC Acquires 42 Shares of Mastercard Incorporated (NYSE:MA)

Personal CFO Solutions LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,593 shares of the credit services provider’s stock after purchasing an additional 42 shares during the quarter. Mastercard accounts for about 0.8% of Personal CFO Solutions LLC’s investment portfolio, making the stock its 16th biggest holding. Personal CFO Solutions LLC’s holdings in Mastercard were worth $4,162,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MA. Vanguard Group Inc. increased its stake in Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after acquiring an additional 377,302 shares during the last quarter. FMR LLC increased its holdings in Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after buying an additional 912,856 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of 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 worth $9,800,202,000 after purchasing an additional 282,739 shares in the last quarter. Norges Bank acquired a new position in shares of Mastercard in the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP lifted its holdings in shares of 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 valued at $5,139,713,000 after acquiring an additional 817,836 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company’s stock, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business’s stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is owned by insiders.

Mastercard Trading Down 0.1%

MA opened at $564.77 on Tuesday. The business’s 50 day moving average is $567.45 and its two-hundred day moving average is $547.10. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market cap of $514.91 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping 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 analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the business earned $3.31 EPS. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS 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. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is 21.32%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Evercore ISI initiated coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target for the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Finally, 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 price objective for the company. Seven equities research 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 stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

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.