Greenleaf Trust Has $15.79 Million Stake in Mastercard Incorporated (NYSE:MA)

Greenleaf Trust raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,812 shares of the credit services provider's stock after buying an additional 739 shares during the quarter. Greenleaf Trust's holdings in Mastercard were worth $15,792,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MA. Trek Financial LLC grew its holdings in shares of Mastercard by 3.9% during the first quarter. Trek Financial LLC now owns 2,639 shares of the credit services provider's stock worth $1,447,000 after purchasing an additional 100 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new position in shares of Mastercard during the first quarter worth about $215,000. Personal CFO Solutions LLC grew its holdings in shares of Mastercard by 0.6% during the first quarter. Personal CFO Solutions LLC now owns 7,593 shares of the credit services provider's stock worth $4,162,000 after purchasing an additional 42 shares in the last quarter. AlphaStar Capital Management LLC boosted its stake in Mastercard by 4.4% in the first quarter. AlphaStar Capital Management LLC now owns 1,700 shares of the credit services provider's stock worth $932,000 after buying an additional 72 shares in the last quarter. Finally, Black Diamond Financial LLC boosted its stake in Mastercard by 14.3% in the first quarter. Black Diamond Financial LLC now owns 1,234 shares of the credit services provider's stock worth $676,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their position. 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 company insiders.

Mastercard Trading Down 2.4%

Shares of NYSE MA traded down $13.48 during midday trading on Friday, hitting $550.04. The stock had a trading volume of 3,221,317 shares, compared to its average volume of 2,672,058. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company's 50-day simple moving average is $568.60 and its 200 day simple moving average is $547.57. The firm has a market cap of $501.48 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping 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 business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm earned $3.31 earnings per share. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is 21.32%.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. UBS Group raised their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Macquarie dropped their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Finally, Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Seven 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Profile

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.