Mastercard Incorporated $MA is First Long Island Investors LLC's 7th Largest Position

Key Points

• First Long Island Investors LLC decreased its stake in Mastercard by 3.1%, now holding 68,108 shares, making it the firm’s 7th largest position worth approximately $37.3 million.
• Several hedge funds significantly increased their positions in Mastercard, with GAMMA Investing LLC raising its stake by over 65,000% to 8.2 million shares valued at $4.5 billion.
• Mastercard's recent earnings report exceeded expectations with an EPS of $4.15 and revenues of $8.13 billion, reflecting a year-over-year growth of 16.8%.

First Long Island Investors LLC lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,108 shares of the credit services provider's stock after selling 2,190 shares during the quarter. Mastercard accounts for approximately 3.1% of First Long Island Investors LLC's holdings, making the stock its 7th biggest holding. First Long Island Investors LLC's holdings in Mastercard were worth $37,331,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MA. GAMMA Investing LLC increased its position in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after buying an additional 8,213,123 shares in the last quarter. Nuveen LLC purchased a new position in shares of Mastercard in the first quarter valued at $4,238,764,000. Wellington Management Group LLP increased its position in shares of Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Mastercard in the fourth quarter valued at $561,313,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Mastercard by 4.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after buying an additional 907,184 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research analyst reports. Truist Financial dropped their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Wolfe Research set a $655.00 price target on Mastercard in a research report on Monday, June 23rd. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. TD Cowen reaffirmed a "buy" rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $626.54.

Mastercard Stock Up 1.7%

Shares of NYSE:MA opened at $589.12 on Friday. The stock's 50-day moving average price is $574.32 and its two-hundred day moving average price is $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 Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The firm has a market cap of $532.57 billion, a price-to-earnings ratio of 39.72, a PEG ratio of 2.37 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the company earned $3.50 EPS. The firm's quarterly revenue was up 16.8% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm's 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,094 shares of company stock worth $26,521,861 in the last quarter. 0.09% of the stock is currently 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.

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