Fielder Capital Group LLC Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Fielder Capital Group LLC grew its position in Mastercard Incorporated (NYSE:MA) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 2,744 shares of the credit services provider’s stock after purchasing an additional 43 shares during the period. Fielder Capital Group LLC’s holdings in Mastercard were worth $1,504,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the fourth quarter worth about $31,000. Navigoe LLC purchased a new stake in Mastercard during the fourth quarter worth about $33,000. 10Elms LLP purchased a new stake in Mastercard during the fourth quarter worth about $33,000. Hughes Financial Services LLC purchased a new stake in Mastercard during the first quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Mastercard during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.8%

Shares of MA opened at $568.18 on Monday. The firm has a market cap of $518.02 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 2.46 and a beta of 1.02. 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 Incorporated has a fifty-two week low of $432.11 and a fifty-two week high of $594.71. The firm has a 50 day moving average price of $565.61 and a 200-day moving average price of $550.38.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate 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 earned $3.31 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Truist Financial cut 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, July 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Finally, 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. Five research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $612.90.

Insider Activity

In related news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction 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 transaction, the insider directly owned 12,921 shares of the company’s stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 in the last three months. Corporate insiders own 0.09% of the company’s stock.

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.