Mastercard Incorporated (NYSE:MA) Holdings Increased by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 26.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,219 shares of the credit services provider's stock after purchasing an additional 30,123 shares during the period. Mastercard comprises about 1.7% of Carnegie Investment Counsel's investment portfolio, making the stock its 11th biggest position. Carnegie Investment Counsel's holdings in Mastercard were worth $72,592,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard in the fourth quarter worth about $31,000. Navigoe LLC purchased a new stake in shares of Mastercard in the fourth quarter worth about $33,000. 10Elms LLP purchased a new stake in shares of Mastercard in the fourth quarter worth about $33,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard in the first quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Mastercard in the fourth quarter worth about $36,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the transaction, the insider directly owned 58,451 shares of the company's stock, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 in the last 90 days. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Up 0.8%

Shares of Mastercard stock traded up $4.68 during trading hours on Friday, hitting $568.18. 1,513,080 shares of the company's stock traded hands, compared to its average volume of 2,575,199. Mastercard Incorporated has a twelve month low of $432.11 and a twelve month high of $594.71. The company has a market cap of $518.02 billion, a PE ratio of 39.84, a PEG ratio of 2.46 and a beta of 1.02. 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 stock has a 50 day simple moving average of $565.61 and a 200-day simple moving average of $550.15.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.31 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $650.00 price objective on shares of Mastercard in a report on Tuesday, July 15th. Truist Financial cut their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $612.90.

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.