Price Capital Management Inc. Buys Shares of 2,690 Mastercard Incorporated (NYSE:MA)

Price Capital Management Inc. purchased a new position in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,690 shares of the credit services provider's stock, valued at approximately $1,474,000. Mastercard accounts for 3.7% of Price Capital Management Inc.'s portfolio, making the stock its 16th biggest position.

A number of other large investors have also recently made changes to their positions in MA. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the fourth quarter worth $31,000. Navigoe LLC bought a new position in shares of Mastercard during the fourth quarter worth $33,000. 10Elms LLP bought a new position in shares of Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC bought a new position in shares of Mastercard during the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Mastercard during the fourth quarter worth $36,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MA has been the topic of a number of recent research reports. Evercore ISI started coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. Wall Street Zen upgraded shares of Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Royal Bank Of Canada restated an "outperform" rating and issued a $650.00 price target on shares of Mastercard in a report on Tuesday, July 15th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Finally, Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $612.90.

Mastercard Stock Up 0.8%

MA traded up $4.68 on Friday, reaching $568.18. The company's stock had a trading volume of 1,513,080 shares, compared to its average volume of 2,575,199. The stock has a 50 day moving average of $565.61 and a two-hundred day moving average of $549.91. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $518.02 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 2.44 and a beta of 1.02. Mastercard Incorporated has a fifty-two week low of $432.11 and a fifty-two week high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating 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 company had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the business earned $3.31 earnings per share. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio is currently 21.32%.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the company'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 in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock worth $20,351,084 in the last three months. Corporate insiders own 0.09% of the company's stock.

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.