Dunhill Financial LLC Grows Position in Mastercard Incorporated (NYSE:MA)

Dunhill Financial LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 265.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,600 shares of the credit services provider's stock after acquiring an additional 2,614 shares during the period. Mastercard comprises about 0.9% of Dunhill Financial LLC's portfolio, making the stock its 21st largest position. Dunhill Financial LLC's holdings in Mastercard were worth $1,973,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after purchasing an additional 377,302 shares in the last quarter. FMR LLC lifted its position in shares of Mastercard by 4.3% during the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after buying an additional 912,856 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after buying an additional 282,739 shares in the last quarter. Norges Bank purchased a new position in shares of Mastercard in the 4th quarter worth approximately $6,022,224,000. Finally, Wellington Management Group LLP grew its position in shares of Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after buying an additional 817,836 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MA. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial assumed coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective for the company. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average price target of $610.00.

Mastercard Stock Up 0.2%

Shares of MA opened at $569.56 on Wednesday. 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 company has a market capitalization of $519.27 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.48 and a beta of 1.05. The stock's 50-day moving average price is $558.05 and its 200-day moving average price is $544.46. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71.

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 for the quarter, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.31 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Insider Activity

In related news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the transaction, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares of the company's stock, valued at $2,024,394.75. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,513 shares of company stock valued at $23,166,463 in the last quarter. Insiders own 0.09% of the company's stock.

About Mastercard

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.

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