Mastercard Incorporated (NYSE:MA) Shares Acquired by Cutter & CO Brokerage Inc.

Cutter & CO Brokerage Inc. boosted its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 100.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,296 shares of the credit services provider's stock after purchasing an additional 4,161 shares during the quarter. Mastercard makes up approximately 1.1% of Cutter & CO Brokerage Inc.'s holdings, making the stock its 24th biggest position. Cutter & CO Brokerage Inc.'s holdings in Mastercard were worth $4,536,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Mastercard in the fourth quarter worth about $6,022,224,000. GAMMA Investing LLC grew its holdings in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Northern Trust Corp increased its stake in Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after acquiring an additional 1,207,787 shares during the last quarter. Sanders Capital LLC purchased a new stake in shares of Mastercard during the 4th quarter worth approximately $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mastercard during the 4th quarter valued at approximately $561,313,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup boosted their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. KeyCorp increased 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. 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. Finally, Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective for the company. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Stock Up 0.5%

NYSE:MA traded up $2.94 during mid-day trading on Monday, reaching $553.12. The company's stock had a trading volume of 2,500,788 shares, compared to its average volume of 2,864,759. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock has a fifty day moving average of $568.42 and a 200-day moving average of $547.84. The firm has a market capitalization of $504.28 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard's dividend payout ratio is presently 21.32%.

Insider Activity

In other news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% 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 on 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 sale, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by insiders.

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.