Archford Capital Strategies LLC Buys 1,142 Shares of Mastercard Incorporated (NYSE:MA)

Archford Capital Strategies LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 15.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,311 shares of the credit services provider's stock after buying an additional 1,142 shares during the quarter. Archford Capital Strategies LLC's holdings in Mastercard were worth $4,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Fourth Dimension Wealth LLC grew its holdings in Mastercard by 5.0% during the 1st quarter. Fourth Dimension Wealth LLC now owns 1,046 shares of the credit services provider's stock worth $573,000 after acquiring an additional 50 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Mastercard by 1.2% during the first quarter. International Assets Investment Management LLC now owns 16,924 shares of the credit services provider's stock worth $9,277,000 after purchasing an additional 206 shares during the last quarter. Petros Family Wealth LLC lifted its position in shares of Mastercard by 7.5% during the first quarter. Petros Family Wealth LLC now owns 619 shares of the credit services provider's stock worth $339,000 after purchasing an additional 43 shares during the last quarter. Embree Financial Group grew its stake in Mastercard by 6.0% in the first quarter. Embree Financial Group now owns 1,094 shares of the credit services provider's stock worth $599,000 after purchasing an additional 62 shares in the last quarter. Finally, Spirepoint Private Client LLC increased its holdings in Mastercard by 11.5% in the first quarter. Spirepoint Private Client LLC now owns 12,078 shares of the credit services provider's stock valued at $6,620,000 after buying an additional 1,247 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider now directly owns 24,582 shares of the company's stock, valued at $13,765,920. This trade represents a 3.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider now owns 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,383 shares of company stock valued at $19,035,108 over the last three months. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE MA traded down $2.99 during trading hours on Thursday, hitting $546.71. 3,764,036 shares of the company's stock were exchanged, compared to its average volume of 2,664,242. The company's 50-day moving average price is $561.86 and its 200-day moving average price is $545.04. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The stock has a market capitalization of $498.44 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS 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 net margin of 45.21% and a return on equity of 196.87%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.31 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is presently 21.32%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective for the company. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday. Seven equities research 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.