Mastercard Incorporated (NYSE:MA) Shares Acquired by Dock Street Asset Management Inc.

Dock Street Asset Management Inc. increased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,311 shares of the credit services provider's stock after acquiring an additional 7,074 shares during the period. Mastercard makes up about 4.9% of Dock Street Asset Management Inc.'s investment portfolio, making the stock its 7th biggest position. Dock Street Asset Management Inc.'s holdings in Mastercard were worth $41,280,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after buying an additional 7,452 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Mastercard by 51.6% in the fourth quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider's stock worth $1,555,000 after acquiring an additional 1,006 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of Mastercard in the fourth quarter worth $73,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Mastercard by 25.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,549 shares of the credit services provider's stock valued at $6,081,000 after acquiring an additional 2,330 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction that occurred 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 transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 312 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Down 2.4%

Shares of MA stock traded down $13.48 during mid-day trading on Friday, reaching $550.04. 3,221,317 shares of the company were exchanged, compared to its average volume of 2,666,716. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The business's 50 day simple moving average is $568.42 and its 200 day simple moving average is $547.76. The company has a market capitalization of $501.48 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion during 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 revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.31 EPS. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Evercore ISI started coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $611.50.

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.