Coyle Financial Counsel LLC Acquires Shares of 481 Mastercard Incorporated (NYSE:MA)

Coyle Financial Counsel LLC purchased a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 481 shares of the credit services provider's stock, valued at approximately $264,000.

Several other large investors have also made changes to their positions in MA. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter worth approximately $6,022,224,000. GAMMA Investing LLC lifted its holdings in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after buying an additional 8,213,123 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Mastercard by 15.2% during the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the last quarter. Sanders Capital LLC acquired a new position in shares of Mastercard during the fourth quarter worth approximately $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Mastercard during the fourth quarter worth approximately $561,313,000. Institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julius Genachowski sold 312 shares of the firm's 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 sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,753 shares of company stock worth $20,351,084. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on MA shares. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Macquarie reduced their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial started coverage on Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $611.50.

Mastercard Stock Performance

Shares of Mastercard stock traded down $13.48 during trading hours on Friday, reaching $550.04. The company had a trading volume of 3,221,317 shares, compared to its average volume of 2,666,632. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The business has a fifty day simple moving average of $568.42 and a 200 day simple moving average of $547.67. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $501.48 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $3.31 earnings per share. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard's payout ratio is 21.32%.

Mastercard 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.