Twin Capital Management Inc. Has $2.55 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Twin Capital Management Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 85.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,644 shares of the credit services provider’s stock after purchasing an additional 2,138 shares during the period. Twin Capital Management Inc.’s holdings in Mastercard were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock valued at $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC grew its position in Mastercard by 4.3% during 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 during the period. Geode Capital Management LLC raised its position in Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after acquiring an additional 282,739 shares during the period. Norges Bank bought a new position in shares of Mastercard during the 4th quarter valued at approximately $6,022,224,000. Finally, Wellington Management Group LLP grew its holdings in Mastercard by 9.1% during the fourth 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 purchasing an additional 817,836 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MA. Truist Financial dropped their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday. KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Macquarie reduced their target price on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Finally, Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $612.90.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Julius Genachowski sold 312 shares of the 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 in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock worth $20,351,084 over the last quarter. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

MA opened at $552.52 on Friday. The company has a 50 day simple moving average of $567.30 and a two-hundred day simple moving average of $548.59. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $503.74 billion, a P/E ratio of 38.75, a PEG ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (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 company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $3.31 EPS. Mastercard’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

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.