Baldwin Investment Management LLC Increases Holdings in Mastercard Incorporated (NYSE:MA)

Key Points

• Baldwin Investment Management LLC increased its stake in Mastercard by 144.8%, owning 4,238 shares worth $2.32 million as of its latest filing.
• Multiple institutional investors have significantly modified their holdings in Mastercard, with 97.28% of the stock owned by such investors and hedge funds.
• Mastercard recently reported quarterly earnings of $3.73 EPS, exceeding estimates, along with a 14.2% year-over-year increase in quarterly revenue.

Baldwin Investment Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 144.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,238 shares of the credit services provider's stock after purchasing an additional 2,507 shares during the quarter. Baldwin Investment Management LLC's holdings in Mastercard were worth $2,323,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MA. Norden Group LLC raised its holdings in shares of Mastercard by 1.5% during the first quarter. Norden Group LLC now owns 14,093 shares of the credit services provider's stock valued at $7,725,000 after acquiring an additional 204 shares in the last quarter. Facet Wealth Inc. raised its holdings in Mastercard by 25.8% in the first quarter. Facet Wealth Inc. now owns 502 shares of the credit services provider's stock worth $282,000 after purchasing an additional 103 shares in the last quarter. Passive Capital Management LLC. raised its holdings in Mastercard by 165.2% in the first quarter. Passive Capital Management LLC. now owns 1,241 shares of the credit services provider's stock worth $680,000 after purchasing an additional 773 shares in the last quarter. University of Texas Texas AM Investment Management Co. grew its stake in shares of Mastercard by 134.5% in the first quarter. University of Texas Texas AM Investment Management Co. now owns 33,061 shares of the credit services provider's stock worth $18,121,000 after acquiring an additional 18,960 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. grew its stake in shares of Mastercard by 2.7% in the first quarter. Richards Merrill & Peterson Inc. now owns 952 shares of the credit services provider's stock worth $522,000 after acquiring an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Truist Financial cut their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $612.90.

Mastercard Stock Up 2.9%

NYSE:MA traded up $16.13 during midday trading on Thursday, reaching $575.24. The company had a trading volume of 2,120,737 shares, compared to its average volume of 2,812,284. The firm has a market capitalization of $524.45 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.44 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock's fifty day simple moving average is $564.74 and its 200-day simple moving average is $550.97. Mastercard Incorporated has a 12-month low of $439.59 and a 12-month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard's revenue was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.50 EPS. On average, sell-side 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 will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

Insiders Place Their Bets

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,753 shares of company stock worth $20,351,084. Company insiders own 0.09% of the company's stock.

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.