Mastercard Incorporated (NYSE:MA) Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. raised its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 146.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,092 shares of the credit services provider's stock after purchasing an additional 3,030 shares during the period. Mastercard accounts for about 0.8% of Machina Capital S.A.S.'s investment portfolio, making the stock its 27th biggest holding. Machina Capital S.A.S.'s holdings in Mastercard were worth $2,791,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. Measured Risk Portfolios Inc. bought a new stake in Mastercard in the 4th quarter valued at $31,000. Navigoe LLC purchased a new stake in shares of Mastercard in the fourth quarter worth about $33,000. 10Elms LLP bought a new position in Mastercard during the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC purchased a new position in Mastercard during the 1st quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In related news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,753 shares of company stock worth $20,351,084. Corporate insiders own 0.09% of the company's stock.

Analyst Ratings Changes

MA has been the topic of several research reports. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Citigroup boosted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. Five 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $612.90.

Mastercard Stock Performance

Shares of MA stock traded up $4.68 on Friday, hitting $568.18. The company had a trading volume of 1,513,080 shares, compared to its average volume of 2,575,199. The company has a 50-day moving average price of $565.61 and a 200-day moving average price of $550.15. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market cap of $518.02 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. Mastercard Incorporated has a twelve month low of $432.11 and a twelve month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 earnings per share. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced 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. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is 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.