Mastercard Incorporated $MA Shares Bought by Brooklyn Investment Group

Key Points

• Brooklyn Investment Group increased its stake in Mastercard by 22.0%, owning 8,052 shares worth approximately $4.41 million after purchasing an additional 1,453 shares.
• Mastercard's stock has an average rating of "Moderate Buy" with a price target ranging from $610.00 to $670.00 based on recent broker reports.
• Mastercard reported $8.13 billion in revenue for the last quarter, surpassing analysts' expectations, while the company also declared a quarterly dividend of $0.76 per share.

Brooklyn Investment Group raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 22.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,052 shares of the credit services provider's stock after purchasing an additional 1,453 shares during the quarter. Mastercard comprises approximately 1.0% of Brooklyn Investment Group's holdings, making the stock its 15th biggest holding. Brooklyn Investment Group's holdings in Mastercard were worth $4,413,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter worth $31,000. Valley Brook Capital Group Inc. lifted its holdings in Mastercard by 1.4% in the 1st quarter. Valley Brook Capital Group Inc. now owns 1,855 shares of the credit services provider's stock worth $1,017,000 after buying an additional 25 shares in the last quarter. Mill Creek Capital Advisors LLC lifted its holdings in Mastercard by 8.9% in the 1st quarter. Mill Creek Capital Advisors LLC now owns 20,145 shares of the credit services provider's stock worth $11,042,000 after buying an additional 1,651 shares in the last quarter. 17 Capital Partners LLC lifted its holdings in Mastercard by 1.7% in the 1st quarter. 17 Capital Partners LLC now owns 1,797 shares of the credit services provider's stock worth $985,000 after buying an additional 30 shares in the last quarter. Finally, Algert Global LLC raised its stake in shares of Mastercard by 13.3% in the 1st quarter. Algert Global LLC now owns 3,962 shares of the credit services provider's stock valued at $2,172,000 after purchasing an additional 464 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MA. Wells Fargo & Company upped their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Macquarie cut their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Royal Bank Of Canada raised their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $617.93.

Insider Buying and Selling at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the transaction, the insider directly owned 25,540 shares in the company, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction on 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 owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,453 shares of company stock worth $20,178,667 over the last quarter. Company insiders own 0.09% of the company's stock.

Mastercard Trading Down 0.3%

Shares of NYSE:MA opened at $582.06 on Monday. Mastercard Incorporated has a 1-year low of $461.90 and a 1-year high of $594.71. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $526.19 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 2.39 and a beta of 1.03. The company has a 50 day moving average price of $563.30 and a 200 day moving average price of $554.61.

Mastercard (NYSE:MA - Get Free Report) last released its 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 net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The company's revenue was up 16.8% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

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.

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