1,729 Shares in Mastercard Incorporated (NYSE:MA) Purchased by Hoxton Planning & Management LLC

Key Points

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Hoxton Planning & Management LLC acquired a new stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,729 shares of the credit services provider's stock, valued at approximately $948,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. RVW Wealth LLC raised its holdings in shares of Mastercard by 5.3% during the first quarter. RVW Wealth LLC now owns 914 shares of the credit services provider's stock worth $501,000 after acquiring an additional 46 shares in the last quarter. Davis R M Inc. grew its position in shares of Mastercard by 2.9% in the first quarter. Davis R M Inc. now owns 3,088 shares of the credit services provider's stock valued at $1,693,000 after purchasing an additional 87 shares during the last quarter. Private Advisory Group LLC raised its holdings in Mastercard by 22.8% in the 1st quarter. Private Advisory Group LLC now owns 13,552 shares of the credit services provider's stock valued at $7,428,000 after acquiring an additional 2,516 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Mastercard by 6.4% in the 1st quarter. Natixis Advisors LLC now owns 633,105 shares of the credit services provider's stock worth $347,018,000 after acquiring an additional 38,116 shares during the period. Finally, NorthRock Partners LLC boosted its holdings in Mastercard by 2.6% during the first quarter. NorthRock Partners LLC now owns 10,308 shares of the credit services provider's stock valued at $5,650,000 after purchasing an additional 262 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on MA shares. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Morgan Stanley upped their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday. Royal Bank Of Canada reissued an "outperform" rating and issued a $656.00 price target (up previously from $650.00) on shares of Mastercard in a report on Friday. Citigroup upped their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, KeyCorp increased their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $615.33.

Insider Buying and Selling at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction dated Friday, June 13th. The shares were 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 $14,630,844.40. This represents a 3.62% 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 over the last ninety days. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of NYSE MA traded down $6.74 during trading hours on Friday, hitting $559.73. 3,316,713 shares of the stock were exchanged, compared to its average volume of 2,427,760. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.11 and a current ratio of 1.16. The company has a market cap of $510.31 billion, a PE ratio of 37.74, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The company's fifty day simple moving average is $564.58 and its two-hundred day simple moving average is $551.95. Mastercard Incorporated has a 1-year low of $439.59 and a 1-year high of $594.71.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Mastercard Company 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.