649 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Johnson Financial Group LLC

Key Points

• Johnson Financial Group LLC invested $356,000 in Mastercard, purchasing 649 shares during the first quarter of the year.
• Mastercard reported a quarterly earnings of $4.15 EPS, surpassing analysts' expectations and achieving a revenue of $8.13 billion.
• The company declared a quarterly dividend of $0.76 per share, with a dividend yield of 0.5%, following its ex-dividend date on July 9th.

Johnson Financial Group LLC bought a new position in Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 649 shares of the credit services provider's stock, valued at approximately $356,000.

Several other hedge funds have also added to or reduced their stakes in the business. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the fourth quarter worth $31,000. Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter valued at $33,000. 10Elms LLP acquired a new position in Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the first quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MA shares. Truist Financial lowered their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Citigroup increased their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, August 1st. Finally, UBS Group increased their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Five investment 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $615.33.

Mastercard Price Performance

NYSE MA traded up $0.29 on Tuesday, hitting $573.88. 2,593,766 shares of the company's stock were exchanged, compared to its average volume of 2,825,981. 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 Incorporated has a 52 week low of $454.89 and a 52 week high of $594.71. The stock has a market cap of $518.80 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 2.36 and a beta of 1.03. The stock has a 50-day moving average of $563.76 and a 200-day moving average of $553.84.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results 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. 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 analysts' expectations of $7.95 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. The company's revenue was up 16.8% on a year-over-year basis. Analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's payout ratio is presently 20.50%.

Insider Buying and Selling

In other news, insider Craig Vosburg sold 14,051 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider owned 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total value 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 trade 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 38,453 shares of company stock valued at $20,178,667 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

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.