Stevens Capital Management LP Has $3.65 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Key Points

• Stevens Capital Management LP significantly increased its stake in Mastercard by 438.5%, now owning 6,667 shares valued at approximately $3.65 million.
• Mastercard reported earnings of $3.73 per share for the latest quarter, surpassing expectations, with revenues of $7.25 billion, a year-over-year increase of 14.2%.
• Several analysts have set new price targets for Mastercard, with the average target price now at $612.90 and ratings ranging from "hold" to "strong buy."

Stevens Capital Management LP grew its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 438.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,667 shares of the credit services provider's stock after purchasing an additional 5,429 shares during the period. Mastercard accounts for 0.9% of Stevens Capital Management LP's portfolio, making the stock its 29th biggest position. Stevens Capital Management LP's holdings in Mastercard were worth $3,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Whalerock Point Partners LLC increased its holdings in shares of Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after acquiring an additional 185 shares during the period. Fortis Advisors LLC increased its holdings in shares of Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after acquiring an additional 75 shares during the period. Canandaigua National Trust Co of Florida increased its holdings in shares of Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after acquiring an additional 185 shares during the period. Kingswood Wealth Advisors LLC increased its holdings in shares of Mastercard by 18.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after acquiring an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC increased its holdings in shares of Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after acquiring an additional 93 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MA. The Goldman Sachs Group reiterated a "buy" rating and issued a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 target price for the company. Truist Financial decreased their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Citigroup increased their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Evercore ISI began coverage on shares of Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price for the company. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and an average price target of $612.90.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This trade represents a 13.89% 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 this link. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company's stock, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock worth $20,351,084 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 0.2%

MA traded down $1.21 during midday trading on Tuesday, hitting $567.07. 860,709 shares of the company's stock traded hands, compared to its average volume of 2,806,602. Mastercard Incorporated has a one year low of $439.59 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock's fifty day simple moving average is $565.27 and its 200-day simple moving average is $550.83. The company has a market cap of $517.00 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company posted $3.31 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

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.