Mastercard Incorporated $MA Shares Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. increased its position in Mastercard by 4.9%, acquiring an additional 1,155 shares, bringing its total holdings to 24,570 shares valued at approximately $13.47 million.
• Mastercard reported quarterly earnings of $4.15 per share, exceeding analysts' expectations of $4.05, with a revenue of $8.13 billion, marking a year-over-year increase of 16.8%.
• Dividends were declared recently, with a quarterly payment of $0.76 per share, resulting in an annualized dividend of $3.04 and a yield of 0.5%.

Flputnam Investment Management Co. increased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,570 shares of the credit services provider's stock after buying an additional 1,155 shares during the period. Flputnam Investment Management Co.'s holdings in Mastercard were worth $13,467,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Point72 Europe London LLP purchased a new position in Mastercard during the first quarter valued at $11,182,000. Marshfield Associates lifted its holdings in Mastercard by 1.1% during the first quarter. Marshfield Associates now owns 562,910 shares of the credit services provider's stock valued at $308,542,000 after purchasing an additional 6,246 shares in the last quarter. Beck Mack & Oliver LLC lifted its holdings in Mastercard by 2.4% during the first quarter. Beck Mack & Oliver LLC now owns 99,421 shares of the credit services provider's stock valued at $54,495,000 after purchasing an additional 2,355 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Mastercard during the first quarter valued at $17,037,000. Finally, Betterment LLC lifted its holdings in Mastercard by 6.2% during the first quarter. Betterment LLC now owns 889 shares of the credit services provider's stock valued at $487,000 after purchasing an additional 52 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business'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 sale, the insider directly owned 25,540 shares of the company's stock, valued at $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 56,269 shares of company stock worth $30,634,699 over the last quarter. Corporate insiders own 0.09% of the company's stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $595.92 on Friday. The company's 50-day moving average price is $568.38 and its two-hundred day moving average price is $556.64. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $538.71 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MA shares. Morgan Stanley raised their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. KeyCorp upped their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target for the company. Finally, Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $617.93.

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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