539 Shares in Mastercard Incorporated $MA Purchased by George Kaiser Family Foundation

Key Points

• The George Kaiser Family Foundation acquired a new stake in Mastercard valued at approximately $295,000 during the first quarter.
• Mastercard reported earnings of $4.15 per share for the latest quarter, exceeding estimates and showing a 16.8% increase in year-over-year revenue.
• Analysts have raised their price targets for Mastercard, with estimates now ranging up to $661.00, reflecting positive ratings from several equity research firms.

George Kaiser Family Foundation acquired a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 539 shares of the credit services provider's stock, valued at approximately $295,000.

Other large investors also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new stake in Mastercard in the fourth quarter worth about $31,000. Navigoe LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $33,000. 10Elms LLP purchased a new stake in shares of Mastercard during the fourth quarter worth about $33,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard during the first quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Mastercard during the fourth quarter worth about $36,000. Institutional investors own 97.28% of the company's stock.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,453 shares of company stock worth $20,178,667. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of Mastercard stock traded up $1.6290 during trading hours on Tuesday, reaching $585.7690. The stock had a trading volume of 2,334,029 shares, compared to its average volume of 2,548,391. The stock's 50 day moving average is $563.22 and its 200 day moving average is $555.02. The firm has a market capitalization of $529.54 billion, a PE ratio of 39.50, a PEG ratio of 2.40 and a beta of 1.03. Mastercard Incorporated has a twelve month low of $461.90 and a twelve month high of $594.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

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

Mastercard Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Morgan Stanley boosted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wells Fargo & Company boosted their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $617.93.

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.