AlphaCore Capital LLC Purchases 541 Shares of Mastercard Incorporated (NYSE:MA)

Key Points

• AlphaCore Capital LLC increased its stake in Mastercard by **49.5%**, acquiring an additional **541 shares**, bringing its total to **1,635 shares** valued at **$896,000**.
• Mastercard reported **$4.15 EPS** for the last quarter, exceeding analyst estimates of **$4.05**, alongside a **16.8% year-over-year revenue growth** to **$8.13 billion**.
• The company recently declared a quarterly dividend of **$0.76 per share**, representing an annualized payout of **$3.04** and a yield of **0.5%**.

AlphaCore Capital LLC boosted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 49.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,635 shares of the credit services provider's stock after purchasing an additional 541 shares during the period. AlphaCore Capital LLC's holdings in Mastercard were worth $896,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fayez Sarofim & Co lifted its position in Mastercard by 0.6% during the first quarter. Fayez Sarofim & Co now owns 1,164,434 shares of the credit services provider's stock worth $643,732,000 after acquiring an additional 7,397 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Mastercard by 11.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,457,624 shares of the credit services provider's stock worth $798,953,000 after acquiring an additional 151,283 shares during the last quarter. Y.D. More Investments Ltd lifted its position in Mastercard by 8.0% during the first quarter. Y.D. More Investments Ltd now owns 13,627 shares of the credit services provider's stock worth $7,468,000 after acquiring an additional 1,010 shares during the last quarter. Alesco Advisors LLC lifted its position in Mastercard by 6.9% during the first quarter. Alesco Advisors LLC now owns 420 shares of the credit services provider's stock worth $230,000 after acquiring an additional 27 shares during the last quarter. Finally, WealthPlan Investment Management LLC lifted its position in Mastercard by 0.4% during the first quarter. WealthPlan Investment Management LLC now owns 19,148 shares of the credit services provider's stock worth $10,495,000 after acquiring an additional 72 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,453 shares of company stock valued at $20,178,667. Insiders own 0.09% of the company's stock.

Mastercard Stock Up 0.1%

MA traded up $0.29 during midday trading on Tuesday, hitting $573.88. The company had a trading volume of 2,593,746 shares, compared to its average volume of 2,825,981. Mastercard Incorporated has a 52 week low of $454.89 and a 52 week high of $594.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $518.80 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.36 and a beta of 1.03. The stock's 50 day moving average price is $563.76 and its 200 day moving average price is $553.84.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's payout ratio is presently 20.50%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Finally, Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $615.33.

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.