4,033 Shares in Mastercard Incorporated $MA Purchased by Alesco Advisors LLC An ESL Co

Alesco Advisors LLC An ESL Co acquired a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,033 shares of the credit services provider's stock, valued at approximately $2,015,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mastercard by 820.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider's stock worth $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC bought a new position in Mastercard during the 4th quarter valued at $27,000. Hyposwiss Advisors SA bought a new position in Mastercard during the 4th quarter valued at $29,000. Bay Harbor Wealth Management LLC increased its position in shares of Mastercard by 54.1% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider's stock valued at $33,000 after purchasing an additional 20 shares during the period. Finally, Lifetime Wealth Management P.C. acquired a new position in shares of Mastercard during the 4th quarter valued at $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 200 shares of the business's stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at approximately $1,793,880. The trade was a 5.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total transaction of $2,534,700.00. Following the transaction, the insider directly owned 16,429 shares of the company's stock, valued at $8,625,225. This represents a 22.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 7,005 shares of company stock valued at $3,689,976. Corporate insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $537.33 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The business's 50 day moving average is $505.73 and its two-hundred day moving average is $515.35. The company has a market cap of $474.78 billion, a P/E ratio of 31.10, a P/E/G ratio of 1.71 and a beta of 0.73. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts' consensus estimates of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same period in the previous year, the company earned $3.73 earnings per share. The company's quarterly revenue was up 15.8% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 19.62 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard's dividend payout ratio is presently 20.14%.

Analyst Ratings Changes

Several research firms recently commented on MA. Dbs Bank upgraded shares of Mastercard to a "moderate buy" rating in a report on Friday, March 27th. Weiss Ratings lowered Mastercard from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, April 24th. Susquehanna lowered their target price on Mastercard from $670.00 to $665.00 and set a "positive" rating on the stock in a research note on Friday, May 1st. Loop Capital reaffirmed a "buy" rating and set a $631.00 price target on shares of Mastercard in a research note on Wednesday, June 3rd. Finally, Piper Sandler assumed coverage on shares of Mastercard in a research note on Monday, June 29th. They issued an "overweight" rating and a $597.00 target price for the company. Eight analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mastercard currently has a consensus rating of "Buy" and a consensus target price of $653.92.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard and Al Etihad Payments announced the first co-badged Jaywan-Mastercard credit card, a new partnership that could expand Mastercard’s footprint in the UAE and support payment-network volume growth. Al Etihad Payments, Mastercard launch world's first Jaywan-Mastercard co-badged credit card
• Positive Sentiment: Mastercard was highlighted as a strong momentum stock, reinforcing the view that the company still has favorable fundamental and trading characteristics despite recent weakness. Here's Why MasterCard (MA) is a Strong Momentum Stock
• Positive Sentiment: Mastercard and Lithic introduced a way to make small-business loan proceeds spend-ready, a payments-adjacent product that could deepen Mastercard’s role in SMB finance workflows. Lithic and Mastercard Make SMB Loans Ready to Spend

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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