Los Angeles Capital Management LLC Has $317.16 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Los Angeles Capital Management LLC grew its position in Mastercard Incorporated (NYSE:MA - Free Report) by 7.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 578,640 shares of the credit services provider's stock after purchasing an additional 42,273 shares during the quarter. Mastercard comprises approximately 1.4% of Los Angeles Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Los Angeles Capital Management LLC owned about 0.06% of Mastercard worth $317,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard during the fourth quarter worth approximately $31,000. Navigoe LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $33,000. 10Elms LLP acquired a new position in shares of Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC bought a new position in Mastercard in the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard in the fourth quarter worth approximately $36,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.6%

Shares of NYSE MA traded up $3.22 during mid-day trading on Tuesday, reaching $557.87. 1,334,531 shares of the company's stock traded hands, compared to its average volume of 2,658,654. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The stock has a market cap of $508.62 billion, a P/E ratio of 39.10, a PEG ratio of 2.40 and a beta of 1.02. The business has a 50-day simple moving average of $567.30 and a 200 day simple moving average of $548.77. 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 (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the prior year, the company earned $3.31 EPS. The firm's revenue was up 14.2% on a year-over-year basis. On average, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard's dividend payout ratio (DPR) is 21.32%.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Royal Bank Of Canada reissued an "outperform" rating and set a $650.00 target price on shares of Mastercard in a research note on Tuesday, July 15th. Finally, UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Five research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $612.90.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction 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 sale, the insider directly owned 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction dated 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 owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,753 shares of company stock valued at $20,351,084. Company insiders own 0.09% of the company's stock.

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.