2,966 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Zions Bancorporation National Association UT

Key Points

• Zions Bancorporation National Association UT acquired 2,966 shares of Mastercard, valued at approximately $1.626 million, during the first quarter.
• Insider transactions revealed that Linda Pistecchia Kirkpatrick and Craig Vosburg sold a total of 14,010 shares recently, with significant decreases in their ownership stakes.
• Mastercard's recent earnings report showed an EPS of $4.15, exceeding estimates, along with $8.13 billion in revenue for the quarter, marking a 16.8% increase year-over-year.

Zions Bancorporation National Association UT purchased a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,966 shares of the credit services provider's stock, valued at approximately $1,626,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Founders Financial Alliance LLC raised its position in shares of Mastercard by 3.8% in the first quarter. Founders Financial Alliance LLC now owns 702 shares of the credit services provider's stock valued at $385,000 after purchasing an additional 26 shares during the period. Nicholson Wealth Management Group LLC bought a new stake in Mastercard during the 1st quarter worth approximately $233,000. Savvy Advisors Inc. increased its holdings in Mastercard by 20.5% during the 1st quarter. Savvy Advisors Inc. now owns 7,136 shares of the credit services provider's stock worth $3,912,000 after acquiring an additional 1,214 shares during the period. National Bank of Canada FI increased its holdings in Mastercard by 55.2% during the 1st quarter. National Bank of Canada FI now owns 915,668 shares of the credit services provider's stock worth $501,830,000 after acquiring an additional 325,802 shares during the period. Finally, Citigroup Inc. increased its holdings in Mastercard by 67.0% during the 1st quarter. Citigroup Inc. now owns 942,751 shares of the credit services provider's stock worth $516,741,000 after acquiring an additional 378,336 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.29 on Tuesday, hitting $573.88. The company's stock had a trading volume of 2,593,766 shares, compared to its average volume of 2,583,637. Mastercard Incorporated has a 52-week low of $454.89 and a 52-week high of $594.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a fifty day moving average price of $563.59 and a 200-day moving average price of $553.98. The company has a market capitalization of $518.80 billion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 2.36 and a beta of 1.03.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The firm's quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company earned $3.50 EPS. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's payout ratio is currently 20.50%.

Insider Buying and Selling

In other news, Director Julius Genachowski sold 312 shares of the business's 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 sale, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction 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 sale, the insider directly owned 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,453 shares of company stock worth $20,178,667. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Macquarie cut their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $615.33.

Mastercard Company Profile

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.