2,400 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Bridger Management LLC

Bridger Management LLC bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,400 shares of the credit services provider's stock, valued at approximately $1,264,000. Mastercard comprises approximately 0.7% of Bridger Management LLC's portfolio, making the stock its 24th largest position.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after purchasing an additional 377,302 shares in the last quarter. FMR LLC grew its stake in Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. Norges Bank purchased 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.

Mastercard Price Performance

Mastercard stock traded up $1.26 during midday trading on Friday, hitting $568.38. The company's stock had a trading volume of 1,527,967 shares, compared to its average volume of 2,608,735. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $518.20 billion, a PE ratio of 40.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The stock's 50-day moving average price is $532.17 and its 200-day moving average price is $533.23.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 EPS. Analysts anticipate 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 was paid on Friday, May 9th. Investors of record on Wednesday, April 9th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Wednesday, April 9th. Mastercard's payout ratio is 21.32%.

Insider Transactions at Mastercard

In other news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler reissued an "overweight" rating and issued a $635.00 price objective (up from $591.00) on shares of Mastercard in a research report on Friday, January 31st. Keefe, Bruyette & Woods boosted their price target on Mastercard from $618.00 to $665.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. William Blair reaffirmed an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Susquehanna boosted their target price on shares of Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. Finally, Citigroup lifted their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $606.25.

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.