Riversedge Advisors LLC Acquires New Position in Mastercard Incorporated (NYSE:MA)

Riversedge Advisors LLC purchased a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 678 shares of the credit services provider's stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MA. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the 4th quarter worth approximately $31,000. Navigoe LLC purchased a new stake in Mastercard during the 4th quarter worth approximately $33,000. 10Elms LLP purchased a new stake in Mastercard during the 4th quarter worth approximately $33,000. Truvestments Capital LLC increased its stake in Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after buying an additional 25 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Mastercard during the 4th quarter worth approximately $36,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

NYSE:MA traded down $13.48 during trading hours on Friday, reaching $550.04. 3,221,317 shares of the company's stock were exchanged, compared to its average volume of 2,666,632. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The firm has a market capitalization of $501.48 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 2.45 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a 50-day moving average of $568.42 and a 200 day moving average of $547.67.

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 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 during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter last year, the business earned $3.31 EPS. The business's revenue was up 14.2% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders 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 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Insider Activity

In other news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the firm'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 completion of the sale, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock worth $20,351,084 over the last quarter. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent analyst reports. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. KeyCorp increased their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. UBS Group increased their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $611.50.

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.