Mastercard Incorporated (NYSE:MA) Shares Acquired by Facet Wealth Inc.

Facet Wealth Inc. boosted its position in Mastercard Incorporated (NYSE:MA) by 25.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 502 shares of the credit services provider’s stock after purchasing an additional 103 shares during the quarter. Facet Wealth Inc.’s holdings in Mastercard were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new position in Mastercard during the fourth quarter worth about $31,000. Navigoe LLC purchased a new stake in Mastercard in the 4th quarter valued at about $33,000. 10Elms LLP acquired a new position in shares of Mastercard during the 4th quarter valued at about $33,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard during the 1st quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Mastercard during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. KeyCorp increased their target price on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. UBS Group boosted their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $650.00 price target on shares of Mastercard in a research note on Tuesday, July 15th. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $612.90.

Mastercard Price Performance

MA stock opened at $568.18 on Monday. The stock’s 50 day moving average is $565.61 and its two-hundred day moving average is $550.38. Mastercard Incorporated has a 52-week low of $432.11 and a 52-week high of $594.71. The company has a market capitalization of $518.02 billion, a PE ratio of 39.84, a P/E/G ratio of 2.46 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 earnings per share. 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 paid 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 (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.