Mattern Capital Management LLC Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Mattern Capital Management LLC raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 493.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,543 shares of the credit services provider's stock after buying an additional 6,272 shares during the quarter. Mattern Capital Management LLC's holdings in Mastercard were worth $4,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MA. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% during 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 boosted its holdings in shares of 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 acquiring an additional 7,452 shares during the period. Rothschild Investment LLC boosted its holdings in shares of Mastercard by 1.6% in the fourth quarter. Rothschild Investment LLC now owns 2,793 shares of the credit services provider's stock worth $1,471,000 after acquiring an additional 44 shares during the period. BankPlus Trust Department purchased a new position in shares of Mastercard in the fourth quarter valued at $502,000. Finally, Prasad Wealth Partners LLC purchased a new position in shares of Mastercard in the fourth quarter valued at $301,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity

In other news, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the transaction, the insider now owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Julius Genachowski sold 310 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total transaction of $173,910.00. Following the sale, the director now directly owns 8,323 shares of the company's stock, valued at $4,669,203. This trade represents a 3.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,383 shares of company stock worth $19,035,108 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 0.5%

NYSE:MA traded down $2.99 during mid-day trading on Thursday, hitting $546.71. 3,764,036 shares of the company's stock were exchanged, compared to its average volume of 2,665,094. The company has a market cap of $498.44 billion, a PE ratio of 38.34, a P/E/G ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The business has a fifty day moving average price of $561.86 and a 200 day moving average price of $545.04.

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 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 firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the firm posted $3.31 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid 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 dividend yield of 0.56%. Mastercard's dividend payout ratio is currently 21.32%.

Wall Street Analysts Forecast Growth

MA has been the topic of several analyst reports. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. UBS Group increased their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. KeyCorp boosted their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Evercore ISI began coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $611.50.

About Mastercard

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.