Mastercard Incorporated (NYSE:MA) is Dupont Capital Management Corp's 7th Largest Position

Dupont Capital Management Corp lifted its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,045 shares of the credit services provider's stock after purchasing an additional 3,288 shares during the period. Mastercard comprises 3.0% of Dupont Capital Management Corp's portfolio, making the stock its 7th largest position. Dupont Capital Management Corp's holdings in Mastercard were worth $26,883,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC acquired a new position in Mastercard in the 4th quarter worth $26,000. Marshall Investment Management LLC acquired a new position in shares of Mastercard in the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the fourth quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Mastercard during the 4th quarter valued at approximately $32,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $33,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now directly owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider now owns 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,890 shares of company stock worth $27,003,492 over the last ninety days. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. 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. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Macquarie reduced their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Evercore ISI began coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Finally, UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Price Performance

Mastercard stock traded up $15.34 during mid-day trading on Tuesday, hitting $557.69. The company's stock had a trading volume of 4,501,745 shares, compared to its average volume of 2,658,155. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71. The stock's fifty day moving average price is $560.33 and its two-hundred day moving average price is $544.91. The stock has a market capitalization of $508.45 billion, a P/E ratio of 39.11, a P/E/G ratio of 2.32 and a beta of 1.05. 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 announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the firm earned $3.31 earnings per share. Mastercard's revenue for the quarter was up 14.2% compared to the same quarter last year. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

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.