Elyxium Wealth LLC Purchases 1,395 Shares of Mastercard Incorporated (NYSE:MA)

Elyxium Wealth LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 214.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,044 shares of the credit services provider's stock after buying an additional 1,395 shares during the period. Elyxium Wealth LLC's holdings in Mastercard were worth $1,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MA. Brighton Jones LLC boosted its holdings in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Mastercard during the 4th quarter worth about $73,000. Trustco Bank Corp N Y purchased a new position in Mastercard in the 4th quarter valued at about $211,000. Finally, Madison Investment Advisors LLC purchased a new position in Mastercard in the 4th quarter valued at about $1,018,000. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction 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 transaction, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 in the last quarter. Corporate insiders own 0.09% of the company's stock.

Mastercard Trading Down 0.6%

Shares of NYSE MA opened at $552.52 on Friday. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a fifty day simple moving average of $567.30 and a 200-day simple moving average of $548.59. The stock has a market capitalization of $503.74 billion, a PE ratio of 38.75, a PEG ratio of 2.39 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) 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 firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. On average, equities analysts forecast 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. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is currently 21.32%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MA. Macquarie decreased their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday. They issued a "buy" rating and a $650.00 price objective on the stock. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. KeyCorp upped their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Citigroup upped their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $612.90.

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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