Adell Harriman & Carpenter Inc. Has $18.80 Million Stake in Mastercard Incorporated (NYSE:MA)

Adell Harriman & Carpenter Inc. boosted its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 2.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,296 shares of the credit services provider's stock after purchasing an additional 669 shares during the quarter. Mastercard comprises about 1.4% of Adell Harriman & Carpenter Inc.'s investment portfolio, making the stock its 20th largest holding. Adell Harriman & Carpenter Inc.'s holdings in Mastercard were worth $18,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG lifted its position in Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after acquiring an additional 7,452 shares in the last quarter. Proficio Capital Partners LLC lifted its position in Mastercard by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider's stock valued at $1,555,000 after acquiring an additional 1,006 shares in the last quarter. E Fund Management Co. Ltd. boosted its stake in Mastercard by 53.3% in the 4th quarter. E Fund Management Co. Ltd. now owns 11,980 shares of the credit services provider's stock worth $6,308,000 after purchasing an additional 4,166 shares during the period. Finally, Chatham Capital Group Inc. increased its holdings in Mastercard by 0.4% during the 4th quarter. Chatham Capital Group Inc. now owns 5,840 shares of the credit services provider's stock worth $3,075,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of NYSE:MA traded up $5.01 on Friday, reaching $566.53. 1,528,739 shares of the company's stock were exchanged, compared to its average volume of 2,670,606. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a fifty day moving average of $566.83 and a 200-day moving average of $546.49. The company has a market capitalization of $516.51 billion, a price-to-earnings ratio of 37.87, a PEG ratio of 2.47 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

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

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio is presently 21.32%.

Insider Transactions at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julius Genachowski sold 310 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total transaction of $173,910.00. Following the completion of the transaction, the director directly owned 8,323 shares of the company's stock, valued at approximately $4,669,203. The trade was a 3.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MA shares. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price for the company. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. 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.com, Mastercard currently has an average rating of "Moderate Buy" and an average price target of $611.50.

About Mastercard

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.