Mastercard Incorporated (NYSE:MA) Shares Bought by IPG Investment Advisors LLC

Key Points

• IPG Investment Advisors LLC has increased its stake in Mastercard by 49.5% during the first quarter, now holding a total of 7,838 shares.
• Mastercard reported strong quarterly earnings of $4.15 per share, surpassing analysts' expectations of $4.05 and showing a 16.8% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.76 per share, reflecting a yield of 0.5% and highlighting a payout ratio of 21.32%.

IPG Investment Advisors LLC grew its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 49.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,838 shares of the credit services provider's stock after acquiring an additional 2,594 shares during the period. Mastercard comprises about 1.0% of IPG Investment Advisors LLC's investment portfolio, making the stock its 28th biggest position. IPG Investment Advisors LLC's holdings in Mastercard were worth $4,296,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Northern Trust Corp lifted its stake in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Sanders Capital LLC purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $617,303,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mastercard during the fourth quarter valued at approximately $561,313,000. Finally, Demars Financial Group LLC raised its holdings in shares of Mastercard by 50,438.6% in the fourth quarter. Demars Financial Group LLC now owns 981,460 shares of the credit services provider's stock worth $516,807,000 after buying an additional 979,518 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the 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 sale, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Up 0.6%

NYSE MA traded up $3.14 on Wednesday, hitting $569.18. 2,245,042 shares of the stock were exchanged, compared to its average volume of 2,608,880. The company has a market cap of $518.93 billion, a PE ratio of 38.38, a PEG ratio of 2.32 and a beta of 1.03. The company has a 50-day moving average price of $564.52 and a 200-day moving average price of $552.56. Mastercard Incorporated has a fifty-two week low of $449.04 and a fifty-two week high of $594.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The business's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 EPS. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced 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 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. UBS Group boosted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Truist Financial reduced their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Morgan Stanley boosted their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $615.33.

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.