TFR Capital LLC. Purchases 681 Shares of Mastercard Incorporated (NYSE:MA)

TFR Capital LLC. lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 18.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,286 shares of the credit services provider's stock after buying an additional 681 shares during the quarter. Mastercard makes up 1.0% of TFR Capital LLC.'s investment portfolio, making the stock its 25th largest position. TFR Capital LLC.'s holdings in Mastercard were worth $2,349,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts recently issued reports on MA shares. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target for the company. Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Macquarie decreased their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Seven investment 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. According to MarketBeat.com, Mastercard presently has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Mastercard Price Performance

NYSE MA traded down $13.48 on Friday, reaching $550.04. The company's stock had a trading volume of 3,221,317 shares, compared to its average volume of 2,666,716. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm's 50 day moving average is $568.42 and its two-hundred day moving average is $547.76. The stock has a market cap of $501.48 billion, a PE ratio of 38.57, a PEG 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 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The business 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%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business earned $3.31 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Insider Buying and Selling

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction on 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 transaction, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by insiders.

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.