864 Shares in Mastercard Incorporated $MA Bought by Quarry LP

Quarry LP purchased a new position in Mastercard Incorporated (NYSE:MA) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 864 shares of the credit services provider’s stock, valued at approximately $474,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Measured Risk Portfolios Inc. purchased a new stake in Mastercard in the fourth quarter worth $31,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the first quarter worth $31,000. 10Elms LLP purchased a new stake in Mastercard in the fourth quarter worth $33,000. Hughes Financial Services LLC purchased a new stake in Mastercard in the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Mastercard in the fourth quarter worth $36,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares of the company’s stock, valued at $34,196,757.55. This represents a 19.38% 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 dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,269 shares of company stock valued at $30,634,699. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Up 0.9%

Shares of NYSE:MA opened at $595.92 on Monday. The company has a market cap of $538.71 billion, a P/E ratio of 40.18, a PEG ratio of 2.44 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock’s fifty day moving average price is $568.38 and its 200-day moving average price is $556.57.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Finally, Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $617.93.

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.