Mastercard Incorporated (NYSE:MA) Shares Acquired by Hillman Co.

Hillman Co. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,288 shares of the credit services provider's stock after purchasing an additional 3,637 shares during the period. Mastercard comprises approximately 14.4% of Hillman Co.'s investment portfolio, making the stock its biggest position. Hillman Co.'s holdings in Mastercard were worth $37,978,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MA. RedJay Asset Management Inc. acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $4,385,000. Red Door Wealth Management LLC lifted its stake in Mastercard by 7.9% in the 1st quarter. Red Door Wealth Management LLC now owns 958 shares of the credit services provider's stock valued at $525,000 after purchasing an additional 70 shares during the last quarter. Spinnaker Trust boosted its position in Mastercard by 3.1% in the first quarter. Spinnaker Trust now owns 7,063 shares of the credit services provider's stock valued at $3,871,000 after buying an additional 210 shares in the last quarter. Intelligence Driven Advisers LLC grew its stake in shares of Mastercard by 6.6% during the first quarter. Intelligence Driven Advisers LLC now owns 3,221 shares of the credit services provider's stock worth $1,765,000 after buying an additional 200 shares during the last quarter. Finally, Argent Advisors Inc. acquired a new position in shares of Mastercard during the first quarter worth $385,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of Mastercard stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider now owns 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the business'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 value of $3,328,555.40. Following the sale, the insider now directly owns 58,451 shares of the company's stock, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,383 shares of company stock valued at $19,035,108 over the last ninety days. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MA shares. Truist Financial assumed coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Macquarie cut their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Finally, Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Trading Up 1.1%

MA opened at $552.02 on Monday. The company has a fifty day moving average price of $563.13 and a two-hundred day moving average price of $545.53. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a market cap of $503.28 billion, a P/E ratio of 38.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05. 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 issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $3.31 EPS. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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