Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Buys Shares of 8,023 Mastercard Incorporated (NYSE:MA)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,023 shares of the credit services provider's stock, valued at approximately $4,398,000.

A number of other institutional investors have also modified their holdings of MA. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the 4th quarter worth about $31,000. 10Elms LLP bought a new stake in shares of Mastercard in the 4th quarter worth approximately $33,000. Hughes Financial Services LLC bought a new position in shares of Mastercard in the first quarter valued at $34,000. Navigoe LLC purchased a new stake in Mastercard during the fourth quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Up 0.8%

Shares of NYSE MA traded up $4.36 during mid-day trading on Tuesday, hitting $559.01. The company had a trading volume of 2,010,250 shares, compared to its average volume of 2,663,309. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a 50-day simple moving average of $567.30 and a two-hundred day simple moving average of $548.77. The company has a market capitalization of $509.65 billion, a PE ratio of 39.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.31 earnings per share. On average, equities analysts expect 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 dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio is presently 21.32%.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $612.90.

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.