Mastercard Incorporated (NYSE:MA) Stock Holdings Increased by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its stake in Mastercard by 24.9%, holding 13,412 shares valued at approximately $7.35 million as of the end of the first quarter.
• A majority of Mastercard's stock, about 97.28%, is owned by hedge funds and institutional investors, indicating strong institutional confidence in the company.
• Mastercard reported a quarterly revenue of $8.13 billion, exceeding analyst estimates, and declared a dividend of $0.76 per share scheduled for payout in August.

New Age Alpha Advisors LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 24.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,412 shares of the credit services provider's stock after acquiring an additional 2,676 shares during the quarter. New Age Alpha Advisors LLC's holdings in Mastercard were worth $7,351,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares in the last quarter. Northern Trust Corp increased its position in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock worth $4,817,684,000 after buying an additional 1,207,787 shares in the last quarter. Sanders Capital LLC purchased a new stake in Mastercard in the fourth quarter worth about $617,303,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Mastercard in the fourth quarter worth about $561,313,000. Finally, Demars Financial Group LLC boosted its stake in shares of Mastercard by 50,438.6% in the fourth quarter. Demars Financial Group LLC now owns 981,460 shares of the credit services provider's stock worth $516,807,000 after acquiring an additional 979,518 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,603 shares of company stock worth $20,265,667 over the last ninety days. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

MA has been the subject of a number of research analyst reports. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Royal Bank Of Canada lifted their price target on Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Wells Fargo & Company boosted their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Finally, Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $615.33.

Mastercard Stock Performance

Shares of NYSE MA traded down $7.78 during midday trading on Thursday, reaching $561.35. 2,979,577 shares of the company were exchanged, compared to its average volume of 2,598,424. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $511.79 billion, a P/E ratio of 37.85, a PEG ratio of 2.34 and a beta of 1.03. Mastercard Incorporated has a 1 year low of $451.03 and a 1 year high of $594.71. The stock has a fifty day simple moving average of $564.08 and a 200 day simple moving average of $552.92.

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

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

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.