1,508 Shares in Mastercard Incorporated (NYSE:MA) Bought by Smart Money Group LLC

Smart Money Group LLC bought a new stake in Mastercard Incorporated (NYSE:MA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,508 shares of the credit services provider's stock, valued at approximately $826,000.

Other hedge funds have also recently made changes to their positions in the company. Founders Financial Alliance LLC grew its holdings in Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after acquiring an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC grew its holdings in Mastercard by 2.3% during the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after acquiring an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC grew its holdings in Mastercard by 2.6% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after acquiring an additional 19 shares in the last quarter. Strategy Asset Managers LLC lifted its position in shares of Mastercard by 2.1% in the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock worth $480,000 after buying an additional 19 shares during the last quarter. Finally, Phillips Wealth Planners LLC lifted its position in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after buying an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 0.9%

NYSE:MA traded up $5.01 on Friday, hitting $566.53. 1,528,739 shares of the company's stock traded hands, compared to its average volume of 2,668,807. The firm has a 50-day moving average price of $566.17 and a 200-day moving average price of $546.25. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a market cap of $516.51 billion, a PE ratio of 39.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data 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. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the firm posted $3.31 earnings per share. The firm's revenue was up 14.2% on a year-over-year basis. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MA. The Goldman Sachs Group restated a "buy" rating and issued a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Citigroup raised their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Truist Financial started coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective 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's stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and a consensus target price of $611.50.

Insider Activity

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the sale, the insider directly owned 25,540 shares of the company's stock, valued at $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the sale, the insider directly owned 58,451 shares of the company's stock, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,441 shares of company stock valued at $20,173,035 in the last three months. 0.09% of the stock is currently owned by insiders.

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.