Dakota Wealth Management Raises Position in Mastercard Incorporated (NYSE:MA)

Dakota Wealth Management raised its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 4.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,296 shares of the credit services provider's stock after buying an additional 518 shares during the period. Dakota Wealth Management's holdings in Mastercard were worth $7,288,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MA. Norges Bank bought a new position in shares of Mastercard during the fourth quarter worth approximately $6,022,224,000. GAMMA Investing LLC grew its holdings in Mastercard by 65,631.5% in the 1st 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. Northern Trust Corp increased its position in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after buying an additional 1,207,787 shares during the period. Sanders Capital LLC bought a new position in Mastercard during the 4th quarter worth $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mastercard during the fourth quarter worth $561,313,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the business'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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction 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 represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 in the last ninety days. Insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on MA shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price on the stock. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard currently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Trading Up 0.5%

MA traded up $2.94 during trading on Monday, reaching $553.12. 2,500,788 shares of the company's stock were exchanged, compared to its average volume of 2,864,759. The firm has a fifty day moving average price of $568.42 and a two-hundred day moving average price of $547.84. The stock has a market capitalization of $504.28 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) 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.