Mastercard Incorporated (NYSE:MA) Shares Acquired by Elefante Mark B

Key Points

• Elefante Mark B increased its stake in Mastercard by 25.4%, now holding 12,164 shares valued at approximately $6.67 million, making it the second largest holding in its portfolio.
• Mastercard reported a 14.2% increase in revenue year-over-year, with earnings per share of $3.73, surpassing analyst expectations of $3.57 during its last quarterly earnings.
• The company recently declared a quarterly dividend of $0.76 per share, with an upcoming payment date of August 8th, which signifies a dividend yield of 0.54%.

Elefante Mark B grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 25.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,164 shares of the credit services provider's stock after buying an additional 2,461 shares during the quarter. Mastercard accounts for 5.3% of Elefante Mark B's holdings, making the stock its 2nd largest holding. Elefante Mark B's holdings in Mastercard were worth $6,667,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the 4th quarter valued at approximately $31,000. Navigoe LLC acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. 10Elms LLP acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $36,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

MA stock traded down $0.32 during midday trading on Monday, reaching $567.90. The company had a trading volume of 699,004 shares, compared to its average volume of 2,807,591. 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 moving average price of $565.61 and a 200 day moving average price of $550.38. Mastercard Incorporated has a fifty-two week low of $435.42 and a fifty-two week high of $594.71. The firm has a market capitalization of $517.76 billion, a PE ratio of 39.80, a P/E/G ratio of 2.46 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. Mastercard's quarterly revenue was up 14.2% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 dividend on an annualized basis and a yield of 0.54%. Mastercard's payout ratio is currently 21.32%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MA shares. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a report on Thursday, July 17th. Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Royal Bank Of Canada restated an "outperform" rating and set a $650.00 price objective on shares of Mastercard in a report on Tuesday, July 15th. Finally, Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and a consensus target price of $612.90.

Insider Buying and Selling

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider directly owned 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business's 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 transaction, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by insiders.

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.