967 Shares in Mastercard Incorporated (NYSE:MA) Bought by Aspetuck Financial Management LLC

Aspetuck Financial Management LLC purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 967 shares of the credit services provider's stock, valued at approximately $530,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NewSquare Capital LLC purchased a new position in Mastercard during the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard during the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in Mastercard during the 4th quarter valued at about $32,000. Navigoe LLC purchased a new position in Mastercard during the 4th quarter valued at about $33,000. Finally, 10Elms LLP purchased a new position in shares of Mastercard in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now directly owns 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Raj Seshadri sold 949 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $535.80, for a total value of $508,474.20. Following the transaction, the insider now owns 14,021 shares of the company's stock, valued at approximately $7,512,451.80. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,115 shares of company stock worth $18,324,718. 0.09% of the stock is owned by company insiders.

Mastercard Trading Down 1.3%

Mastercard stock opened at $550.02 on Thursday. The business has a 50-day simple moving average of $561.86 and a two-hundred day simple moving average of $545.04. The company has a market cap of $501.46 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.43 and a beta of 1.05. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

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

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid 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 dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Truist Financial initiated coverage on Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target for the company. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Seven research 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $610.00.

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.

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