Diversify Advisory Services LLC Has $4.50 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Diversify Advisory Services LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 37.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,329 shares of the credit services provider's stock after buying an additional 2,256 shares during the quarter. Diversify Advisory Services LLC's holdings in Mastercard were worth $4,495,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Whalerock Point Partners LLC boosted its position in Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Fortis Advisors LLC boosted its position in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its position in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after purchasing an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its position in Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC boosted its position in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after purchasing an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Citigroup boosted their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $650.00 price target on shares of Mastercard in a research report on Tuesday. Finally, Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Six investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average target price of $612.90.

Mastercard Price Performance

Shares of MA stock traded down $3.09 during trading hours on Friday, hitting $552.52. The company had a trading volume of 2,579,579 shares, compared to its average volume of 2,663,399. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The firm has a market capitalization of $503.74 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.41 and a beta of 1.02. The firm's fifty day moving average is $567.30 and its 200 day moving average is $548.44. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

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 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 analyst estimates of $7.12 billion. During the same period in the prior year, the company posted $3.31 EPS. The company's revenue was up 14.2% compared to the same quarter last year. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard's dividend payout ratio is currently 21.32%.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction that occurred on 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 $20,636,125.55. The trade was a 13.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by company 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.