Mastercard Incorporated (NYSE:MA) is Linden Thomas Advisory Services LLC's 7th Largest Position

Linden Thomas Advisory Services LLC lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,017 shares of the credit services provider's stock after purchasing an additional 745 shares during the quarter. Mastercard comprises approximately 0.9% of Linden Thomas Advisory Services LLC's holdings, making the stock its 7th largest holding. Linden Thomas Advisory Services LLC's holdings in Mastercard were worth $6,587,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Greenleaf Trust grew its holdings in Mastercard by 2.6% during the 1st quarter. Greenleaf Trust now owns 28,812 shares of the credit services provider's stock worth $15,792,000 after acquiring an additional 739 shares in the last quarter. Trek Financial LLC raised its position in shares of Mastercard by 3.9% during the 1st quarter. Trek Financial LLC now owns 2,639 shares of the credit services provider's stock valued at $1,447,000 after acquiring an additional 100 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new stake in shares of Mastercard during the 1st quarter valued at approximately $215,000. Personal CFO Solutions LLC raised its position in shares of Mastercard by 0.6% during the 1st quarter. Personal CFO Solutions LLC now owns 7,593 shares of the credit services provider's stock valued at $4,162,000 after acquiring an additional 42 shares in the last quarter. Finally, AlphaStar Capital Management LLC raised its position in shares of Mastercard by 4.4% during the 1st quarter. AlphaStar Capital Management LLC now owns 1,700 shares of the credit services provider's stock valued at $932,000 after acquiring an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MA. Macquarie dropped their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Truist Financial assumed coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target on the stock. Finally, Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Stock Down 0.4%

MA opened at $562.77 on Wednesday. The business has a 50 day moving average price of $567.91 and a 200 day moving average price of $547.21. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $513.08 billion, a P/E ratio of 39.46, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.31 EPS. 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 will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a $0.76 dividend. 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 dividend payout ratio is currently 21.32%.

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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