Capital Management Associates Inc Buys 990 Shares of Mastercard Incorporated (NYSE:MA)

Capital Management Associates Inc grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 94.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,038 shares of the credit services provider's stock after acquiring an additional 990 shares during the period. Capital Management Associates Inc's holdings in Mastercard were worth $1,117,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Risk Portfolios Inc. bought a new position in Mastercard in the 4th quarter worth approximately $31,000. Navigoe LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $33,000. 10Elms LLP purchased a new stake in Mastercard in the 4th quarter worth approximately $33,000. Truvestments Capital LLC raised its position in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after buying an additional 25 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at $36,000. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

MA has been the subject of several analyst reports. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Macquarie dropped their target price 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. Citigroup boosted their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $611.50.

Mastercard Stock Performance

Shares of Mastercard stock traded down $3.83 during trading on Monday, hitting $565.41. 2,478,283 shares of the company's stock traded hands, compared to its average volume of 2,669,836. 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 Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock has a market capitalization of $515.49 billion, a P/E ratio of 39.65, a PEG ratio of 2.47 and a beta of 1.02. The business has a 50-day simple moving average of $566.83 and a 200-day simple moving average of $546.84.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the firm posted $3.31 earnings per share. Mastercard's revenue was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the transaction, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares in the company, valued at $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. Insiders sold a total of 38,441 shares of company stock valued at $20,173,035 over the last three months. 0.09% of the stock is owned by insiders.

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.