Wealthfront Advisers LLC Has $53.29 Million Stake in Mastercard Incorporated (NYSE:MA)

Wealthfront Advisers LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,226 shares of the credit services provider's stock after purchasing an additional 3,925 shares during the period. Wealthfront Advisers LLC's holdings in Mastercard were worth $53,292,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Whalerock Point Partners LLC increased its holdings in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after purchasing an additional 185 shares during the period. Fortis Advisors LLC increased its holdings in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after purchasing an additional 75 shares during the period. Canandaigua National Trust Co of Florida increased its holdings in shares of Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after purchasing an additional 185 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in shares of Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after purchasing an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC increased its holdings in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after purchasing an additional 93 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on MA shares. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target on the stock. KeyCorp boosted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday. Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Six research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Mastercard Stock Up 0.9%

NYSE:MA traded up $4.80 on Wednesday, hitting $555.16. 2,424,177 shares of the company's stock traded hands, compared to its average volume of 2,667,251. 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 Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The firm has a 50-day moving average price of $567.85 and a 200-day moving average price of $548.05. The company has a market cap of $506.14 billion, a PE ratio of 38.93, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02.

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 for the quarter, beating 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 company had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the business posted $3.31 EPS. The business's revenue for the quarter was up 14.2% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard's dividend payout ratio is 21.32%.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock valued at $20,351,084 in the last quarter. Corporate insiders own 0.09% of the company's stock.

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.