MGO One Seven LLC Has $10.08 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

MGO One Seven LLC raised its position in Mastercard Incorporated (NYSE:MA - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,382 shares of the credit services provider's stock after acquiring an additional 617 shares during the period. MGO One Seven LLC's holdings in Mastercard were worth $10,075,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the fourth quarter worth approximately $31,000. Navigoe LLC acquired a new position in shares of Mastercard during the fourth quarter worth approximately $33,000. 10Elms LLP acquired a new position in shares of Mastercard during the fourth quarter worth approximately $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the firm'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 directly owned 12,921 shares of the company's stock, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,753 shares of company stock worth $20,351,084. Company insiders own 0.09% of the company's stock.

Mastercard Trading Down 1.2%

Shares of Mastercard stock traded down $6.74 during midday trading on Friday, reaching $559.73. The company had a trading volume of 3,316,713 shares, compared to its average volume of 2,427,760. The stock has a fifty day moving average price of $564.58 and a 200 day moving average price of $551.75. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.11. The firm has a market cap of $510.31 billion, a PE ratio of 37.74, a P/E/G ratio of 2.46 and a beta of 1.03. Mastercard Incorporated has a fifty-two week low of $439.59 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The firm's quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Wall Street Analyst Weigh In

MA has been the topic of a number of analyst reports. UBS Group increased their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Finally, Macquarie decreased 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. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $615.33.

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.