Mastercard Incorporated (NYSE:MA) Shares Sold by Fagan Associates Inc.

Fagan Associates Inc. lowered its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 2.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,080 shares of the credit services provider's stock after selling 606 shares during the quarter. Mastercard accounts for about 2.0% of Fagan Associates Inc.'s holdings, making the stock its 14th biggest position. Fagan Associates Inc.'s holdings in Mastercard were worth $12,102,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Brighton Jones LLC raised its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in shares of Mastercard during the 4th quarter valued at about $73,000. Trustco Bank Corp N Y acquired a new position in shares of Mastercard during the 4th quarter valued at about $211,000. Finally, Madison Investment Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter valued at about $1,018,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Price Performance

Mastercard stock traded up $5.03 during mid-day trading on Monday, hitting $557.69. 241,705 shares of the company were exchanged, compared to its average volume of 2,656,270. The company has a market capitalization of $508.45 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.40 and a beta of 1.02. The business has a fifty day moving average of $567.30 and a 200 day moving average of $548.77. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the business earned $3.31 earnings per share. The business's revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend 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%.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred 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 owned 23,624 shares in the company, valued at $13,229,440. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at approximately $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 in the last three months. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research report on Thursday. They set a "buy" rating and a $650.00 target price on the stock. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Finally, Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $612.90.

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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