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Entropy Technologies LP Invests $3.77 Million in Mastercard Incorporated (NYSE:MA)

Mastercard logo with Business Services background

Key Points

  • Entropy Technologies LP has acquired a new stake in Mastercard, purchasing 6,881 shares valued at approximately $3.77 million during the first quarter.
  • Recent insider trading reports indicate that Craig Vosburg sold 14,051 shares for over $8.2 million, decreasing his ownership by 19.38%, while overall insiders have sold a total of 38,603 shares in the last 90 days.
  • Mastercard reported a strong quarterly earnings performance with earnings per share of $4.15, exceeding analyst expectations and reflecting a 16.8% revenue increase year-over-year.
  • Want stock alerts on Mastercard? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Entropy Technologies LP purchased a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,881 shares of the credit services provider's stock, valued at approximately $3,772,000.

Other institutional investors have also recently modified their holdings of the company. Whalerock Point Partners LLC lifted its position in shares of Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after acquiring an additional 185 shares during the period. Fortis Advisors LLC lifted its position in shares of Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after acquiring an additional 75 shares during the period. Canandaigua National Trust Co of Florida lifted its position in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after acquiring an additional 185 shares during the period. Kingswood Wealth Advisors LLC lifted its position in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after acquiring an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC lifted its position in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after acquiring an additional 93 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

Shares of MA traded up $0.29 on Tuesday, reaching $573.88. 2,593,766 shares of the company's stock traded hands, compared to its average volume of 2,583,637. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $518.80 billion, a PE ratio of 38.70, a PEG ratio of 2.36 and a beta of 1.03. The stock's 50 day simple moving average is $563.59 and its two-hundred day simple moving average is $553.98. Mastercard Incorporated has a 52-week low of $454.89 and a 52-week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. Mastercard's revenue was up 16.8% on a year-over-year basis. During the same period last year, the business posted $3.50 earnings per share. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction 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 sale, the insider directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,453 shares of company stock valued at $20,178,667. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Macquarie lowered their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Truist Financial lowered their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Finally, Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $615.33.

Read Our Latest Report on MA

Mastercard Profile

(Free Report)

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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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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