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Advisor Resource Council Takes $1.03 Million Position in Mastercard Incorporated (NYSE:MA)

Mastercard logo with Business Services background

Advisor Resource Council bought a new position in shares of Mastercard Incorporated (NYSE:MA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,877 shares of the credit services provider's stock, valued at approximately $1,029,000.

Several other large investors have also recently bought and sold shares of MA. NewSquare Capital LLC bought a new stake in shares of Mastercard in the fourth quarter valued at about $26,000. Measured Risk Portfolios Inc. acquired a new position in Mastercard in the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $32,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $30,000. Finally, 10Elms LLP bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Mastercard news, insider Raj Seshadri sold 949 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $535.80, for a total transaction of $508,474.20. Following the transaction, the insider now owns 14,021 shares in the company, valued at approximately $7,512,451.80. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,115 shares of company stock valued at $18,324,718 in the last 90 days. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on MA. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average price target of $610.00.

Read Our Latest Report on Mastercard

Mastercard Trading Down 1.3%

NYSE:MA traded down $7.51 on Wednesday, hitting $550.02. 2,889,115 shares of the stock were exchanged, compared to its average volume of 2,659,843. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The stock has a market capitalization of $501.46 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 2.43 and a beta of 1.05. The company's 50-day moving average price is $561.13 and its 200 day moving average price is $545.00.

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

Mastercard Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Mastercard Profile

(Free Report)

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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