Ballentine Partners LLC Buys 667 Shares of Mastercard Incorporated (NYSE:MA)

Ballentine Partners LLC boosted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,877 shares of the credit services provider's stock after purchasing an additional 667 shares during the quarter. Ballentine Partners LLC's holdings in Mastercard were worth $11,443,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new position in Mastercard during the fourth quarter valued at approximately $31,000. Navigoe LLC acquired a new position in Mastercard during the fourth quarter valued at approximately $33,000. 10Elms LLP acquired a new position in Mastercard during the fourth quarter valued at approximately $33,000. Truvestments Capital LLC grew its holdings in Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

MA has been the subject of several research analyst reports. KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. UBS Group upped their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Wolfe Research set a $655.00 price target on shares of Mastercard in a report on Monday, June 23rd. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Insider Activity

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by insiders.

Mastercard Stock Performance

NYSE MA traded down $13.48 on Friday, hitting $550.04. 3,221,317 shares of the stock were exchanged, compared to its average volume of 2,666,632. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The business's fifty day moving average is $568.42 and its 200 day moving average is $547.67. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a market capitalization of $501.48 billion, a PE ratio of 38.57, a P/E/G ratio of 2.45 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $3.31 earnings per share. The company's quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared 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 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Mastercard 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.