Mastercard Incorporated (NYSE:MA) Shares Bought by Sargent Investment Group LLC

Sargent Investment Group LLC raised its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 19.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,806 shares of the credit services provider's stock after buying an additional 2,443 shares during the period. Mastercard makes up about 1.3% of Sargent Investment Group LLC's investment portfolio, making the stock its 20th largest holding. Sargent Investment Group LLC's holdings in Mastercard were worth $8,115,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $31,000. Navigoe LLC bought a new stake in Mastercard in the 4th quarter valued at about $33,000. 10Elms LLP bought a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in Mastercard in the 4th quarter valued at approximately $36,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider owned 58,451 shares of the company's stock, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock valued at $20,351,084 over the last 90 days. Company insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MA. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. UBS Group lifted their target price 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 lowered their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday. Finally, KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and a consensus price target of $612.90.

Mastercard Price Performance

MA opened at $552.52 on Friday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock has a fifty day moving average price of $567.30 and a 200 day moving average price of $548.59. The stock has a market cap of $503.74 billion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.39 and a beta of 1.02. 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, topping 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 business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the firm earned $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. Analysts forecast 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. Shareholders of record on Wednesday, July 9th will be given a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard's 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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