Alta Advisers Ltd Has $2.22 Million Stake in Mastercard Incorporated (NYSE:MA)

Alta Advisers Ltd increased its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 47.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,042 shares of the credit services provider's stock after purchasing an additional 1,300 shares during the period. Mastercard accounts for 0.9% of Alta Advisers Ltd's portfolio, making the stock its 19th largest position. Alta Advisers Ltd's holdings in Mastercard were worth $2,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of MA. Whalerock Point Partners LLC lifted its stake in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after buying an additional 185 shares during the period. Fortis Advisors LLC grew its holdings in shares of Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida raised its stake in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after buying an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after buying an additional 1,194 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of Mastercard by 18.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after acquiring an additional 1,047 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the completion of the sale, the insider directly owned 3,255 shares in the company, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. This represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,441 shares of company stock valued at $20,173,035 in the last ninety days. 0.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Truist Financial initiated coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. KeyCorp raised their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Macquarie lowered their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Trading Down 1.1%

Shares of MA stock traded down $6.26 during trading hours on Wednesday, reaching $558.35. 1,124,441 shares of the stock traded hands, compared to its average volume of 2,667,946. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $509.05 billion, a PE ratio of 39.29, a PEG ratio of 2.45 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The business has a fifty day moving average price of $564.92 and a 200 day moving average price of $545.89.

Mastercard (NYSE:MA - Get Free Report) last released 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. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business earned $3.31 EPS. The company'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 EPS for the current year.

Mastercard Announces Dividend

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

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.