Integrity Alliance LLC. Has $8.60 Million Stake in Mastercard Incorporated $MA

Key Points

• Integrity Alliance LLC. increased its holdings in Mastercard by 123.0% during the 1st quarter, bringing their total shares to 15,692, valued at $8,601,000.
• Multiple analysts have set new price targets for Mastercard, with a consensus target price of $626.54 and a majority rating it as a "Moderate Buy".
• Mastercard recently announced a quarterly dividend of $0.76 per share, translating to an annual yield of 0.5%, with a payout ratio of 20.50%.

Integrity Alliance LLC. grew its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 123.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,692 shares of the credit services provider's stock after purchasing an additional 8,654 shares during the period. Integrity Alliance LLC.'s holdings in Mastercard were worth $8,601,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after purchasing an additional 365,537 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after acquiring an additional 907,184 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Finally, Nuveen LLC bought a new position in shares of Mastercard during the 1st quarter worth about $4,238,764,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company's stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 49,094 shares of company stock worth $26,521,861. Corporate insiders own 0.09% of the company's stock.

Mastercard Price Performance

MA stock traded down $7.98 during trading on Friday, hitting $580.75. 2,242,737 shares of the stock traded hands, compared to its average volume of 2,763,323. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock has a market cap of $525.00 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 2.37 and a beta of 0.99. The company has a 50 day simple moving average of $574.32 and a 200 day simple moving average of $558.24. 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 announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm 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 firm's quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the firm posted $3.50 EPS. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business 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. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MA. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Truist Financial reduced their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. Finally, TD Cowen reaffirmed a "buy" rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $626.54.

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.