Koshinski Asset Management Inc. Has $3.05 Million Holdings in Mastercard Incorporated (NYSE:MA)

Koshinski Asset Management Inc. lifted its position in Mastercard Incorporated (NYSE:MA - Free Report) by 13.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,573 shares of the credit services provider's stock after buying an additional 651 shares during the period. Koshinski Asset Management Inc.'s holdings in Mastercard were worth $3,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hillman Co. raised its holdings in Mastercard by 5.5% during the 1st quarter. Hillman Co. now owns 69,288 shares of the credit services provider's stock worth $37,978,000 after buying an additional 3,637 shares during the period. RedJay Asset Management Inc. acquired a new position in Mastercard in the 1st quarter worth about $4,385,000. Red Door Wealth Management LLC increased its stake in shares of Mastercard by 7.9% during the 1st quarter. Red Door Wealth Management LLC now owns 958 shares of the credit services provider's stock worth $525,000 after purchasing an additional 70 shares during the last quarter. Spinnaker Trust increased its position in Mastercard by 3.1% during the first quarter. Spinnaker Trust now owns 7,063 shares of the credit services provider's stock worth $3,871,000 after buying an additional 210 shares during the last quarter. Finally, Intelligence Driven Advisers LLC increased its holdings in shares of Mastercard by 6.6% during the 1st quarter. Intelligence Driven Advisers LLC now owns 3,221 shares of the credit services provider's stock valued at $1,765,000 after acquiring an additional 200 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Truist Financial initiated coverage on Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price on the stock. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Price Performance

Mastercard stock traded up $6.96 during mid-day trading on Thursday, reaching $568.48. The company had a trading volume of 1,524,361 shares, compared to its average volume of 2,871,700. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The company has a market cap of $518.29 billion, a P/E ratio of 39.87, a P/E/G ratio of 2.45 and a beta of 1.02. The business has a fifty day simple moving average of $565.55 and a 200 day simple moving average of $546.00.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the company earned $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts predict 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 will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is presently 21.32%.

Insider Activity

In related news, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction that occurred on 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 transaction, the insider directly owned 58,451 shares of the company's stock, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at $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 three months, insiders sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is owned by corporate insiders.

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.