Signaturefd LLC Acquires 836 Shares of Mastercard Incorporated (NYSE:MA)

Signaturefd LLC grew its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,470 shares of the credit services provider's stock after purchasing an additional 836 shares during the period. Signaturefd LLC's holdings in Mastercard were worth $12,316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MA. BlackDiamond Wealth Management LLC raised its position in shares of Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after buying an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC boosted its stake in Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after buying an additional 19 shares in the last quarter. Strategy Asset Managers LLC grew its holdings in Mastercard by 2.1% during the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock worth $480,000 after acquiring an additional 19 shares during the period. Phillips Wealth Planners LLC raised its position in Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after acquiring an additional 19 shares in the last quarter. Finally, Alta Wealth Advisors LLC lifted its holdings in Mastercard by 3.6% in the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after acquiring an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research reports. Citigroup boosted their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Macquarie cut their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Stock Performance

Shares of Mastercard stock traded up $2.94 on Monday, reaching $553.12. The stock had a trading volume of 2,500,788 shares, compared to its average volume of 2,864,759. 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 business's 50-day moving average price is $568.42 and its two-hundred day moving average price is $547.84. The stock has a market cap of $504.28 billion, a P/E ratio of 38.79, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

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 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 the consensus estimate of $7.12 billion. During the same period in the previous year, the business posted $3.31 EPS. The company's revenue for the quarter was up 14.2% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Insider Activity at Mastercard

In related 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 sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares of the company's stock, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,753 shares of company stock valued at $20,351,084. Company 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.