Algert Global LLC Buys 464 Shares of Mastercard Incorporated $MA

Key Points

• Algert Global LLC raised its stake in Mastercard by 13.3% in Q1, acquiring an additional 464 shares to reach a total of 3,962 shares valued at $2,172,000.
• Mastercard recently announced a quarterly dividend of $0.76, resulting in an annualized yield of 0.5% and a payout ratio of 20.50%.
• Wall Street analysts show confidence in Mastercard, with the stock receiving multiple buy ratings and a consensus target price of $617.93.

Algert Global LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 13.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,962 shares of the credit services provider's stock after purchasing an additional 464 shares during the quarter. Algert Global LLC's holdings in Mastercard were worth $2,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard during the fourth quarter worth about $31,000. Navigoe LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $33,000. 10Elms LLP bought a new stake in Mastercard in the fourth quarter valued at about $33,000. Hughes Financial Services LLC bought a new stake in Mastercard in the first quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of NYSE MA traded down $3.36 during midday trading on Tuesday, hitting $589.85. 1,218,503 shares of the company's stock were exchanged, compared to its average volume of 2,788,248. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock's 50 day moving average price is $564.53 and its 200-day moving average price is $555.80. The firm has a market cap of $533.23 billion, a P/E ratio of 39.76, a PEG ratio of 2.46 and a beta of 1.03. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. TD Cowen reissued a "buy" rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus target price of $617.93.

Insider Buying and Selling at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the 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 directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,269 shares of company stock valued at $30,634,699 in the last quarter. Corporate insiders own 0.09% of the company's stock.

Mastercard Company 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.