Tandem Investment Advisors Inc. Has $96.34 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Tandem Investment Advisors Inc. boosted its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 3.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 175,760 shares of the credit services provider's stock after acquiring an additional 6,337 shares during the period. Mastercard accounts for 3.4% of Tandem Investment Advisors Inc.'s portfolio, making the stock its 13th largest position. Tandem Investment Advisors Inc.'s holdings in Mastercard were worth $96,337,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock worth $40,640,219,000 after acquiring an additional 377,302 shares during the period. FMR LLC grew its holdings in Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after acquiring an additional 912,856 shares during the period. Geode Capital Management LLC grew its holdings in Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after acquiring an additional 282,739 shares during the period. Norges Bank acquired a new stake in Mastercard during the 4th quarter worth $6,022,224,000. Finally, Wellington Management Group LLP grew its holdings in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after acquiring an additional 817,836 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Up 0.9%

NYSE:MA traded up $5.01 on Friday, hitting $566.53. 1,528,739 shares of the company's stock were exchanged, compared to its average volume of 2,668,807. The firm has a 50-day moving average price of $566.83 and a 200-day moving average price of $546.49. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a market cap of $516.51 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm posted $3.31 EPS. The company's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard's payout ratio is 21.32%.

Analyst Upgrades and Downgrades

MA has been the subject of a number of analyst reports. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Macquarie decreased their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, KeyCorp boosted 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. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $611.50.

Insider Buying and Selling

In other news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider directly owned 3,255 shares of the company's stock, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,441 shares of company stock worth $20,173,035 in the last 90 days. 0.09% of the stock is owned by corporate insiders.

About Mastercard

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.