Kingsview Wealth Management LLC Purchases 9,006 Shares of Mastercard Incorporated (NYSE:MA)

Kingsview Wealth Management LLC raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,188 shares of the credit services provider's stock after acquiring an additional 9,006 shares during the quarter. Mastercard comprises 0.9% of Kingsview Wealth Management LLC's holdings, making the stock its 24th largest position. Kingsview Wealth Management LLC's holdings in Mastercard were worth $46,693,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the transaction, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,753 shares of company stock valued at $20,351,084. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on MA. Royal Bank Of Canada reissued an "outperform" rating and issued a $650.00 price objective on shares of Mastercard in a research note on Tuesday. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Citigroup lifted their target price on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $612.90.

Mastercard Stock Performance

NYSE MA traded down $3.09 on Friday, hitting $552.52. 2,579,579 shares of the stock traded hands, compared to its average volume of 2,663,399. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The business's fifty day moving average is $567.30 and its two-hundred day moving average is $548.44. The firm has a market capitalization of $503.74 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11.

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

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is presently 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.