Park Place Capital Corp Has $859,000 Holdings in Mastercard Incorporated (NYSE:MA)

Park Place Capital Corp decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 37.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,568 shares of the credit services provider's stock after selling 935 shares during the period. Park Place Capital Corp's holdings in Mastercard were worth $859,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Brighton Jones LLC raised its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after buying an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after purchasing an additional 7,452 shares in the last quarter. NewEdge Wealth LLC lifted its stake in Mastercard by 3.3% during the fourth quarter. NewEdge Wealth LLC now owns 100,155 shares of the credit services provider's stock worth $52,739,000 after purchasing an additional 3,218 shares during the period. Whipplewood Advisors LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $198,000. Finally, SRN Advisors LLC grew its stake in shares of Mastercard by 17.1% in the 4th quarter. SRN Advisors LLC now owns 5,619 shares of the credit services provider's stock valued at $2,959,000 after purchasing an additional 821 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider now owns 24,582 shares of the company's stock, valued at approximately $13,765,920. The trade was a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now directly owns 3,255 shares in the company, valued at $1,887,900. This trade represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 36,383 shares of company stock valued at $19,035,108 over the last 90 days. 0.09% of the stock is owned by company insiders.

Mastercard Trading Up 1.1%

NYSE:MA traded up $6.21 on Friday, hitting $552.02. 3,836,616 shares of the stock were exchanged, compared to its average volume of 2,669,764. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The stock has a market capitalization of $503.28 billion, a price-to-earnings ratio of 38.71, a P/E/G ratio of 2.40 and a beta of 1.05. The company's 50-day moving average price is $562.44 and its 200 day moving average price is $545.20.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company earned $3.31 EPS. The firm's revenue was up 14.2% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MA. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Macquarie reduced their target price on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Seven 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 company's stock. According to data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and an average target price of $611.50.

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.