Mastercard Incorporated (NYSE:MA) Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 18.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,190 shares of the credit services provider's stock after buying an additional 1,122 shares during the quarter. Transcend Capital Advisors LLC's holdings in Mastercard were worth $3,941,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in MA. Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $6,022,224,000. GAMMA Investing LLC lifted its stake in Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mastercard during the fourth quarter worth $837,017,000. Proficio Capital Partners LLC lifted its stake in Mastercard by 79,739.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after purchasing an additional 1,553,329 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Mastercard by 15.2% during 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. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

NYSE:MA opened at $546.71 on Friday. The business's 50-day moving average price is $562.44 and its 200 day moving average price is $545.20. The firm has a market cap of $498.44 billion, a P/E ratio of 38.34, a PEG ratio of 2.40 and a beta of 1.05. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for 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%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.31 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is currently 21.32%.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the transaction, the insider now owns 58,451 shares of the company's stock, valued at approximately $34,379,709.18. This trade represents a 13.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider now directly owns 24,582 shares in the company, valued at $13,765,920. This represents a 3.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,383 shares of company stock valued at $19,035,108 over the last three months. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MA shares. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday. Truist Financial started coverage on Mastercard in a research note on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. UBS Group boosted their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $611.50.

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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