Mastercard Incorporated (NYSE:MA) Shares Bought by Texas Yale Capital Corp.

Key Points

• Texas Yale Capital Corp. increased its stake in Mastercard by 6.9%, acquiring an additional 1,072 shares and bringing its total holdings to 16,673 shares valued at approximately $9.14 million.
• Several other institutional investors also boosted their stakes in Mastercard, with changes reflecting an overall ownership of 97.28% of the company's stock.
• Mastercard recently declared a quarterly dividend of $0.76 per share, with an expected annualized dividend yield of 0.54%.

Texas Yale Capital Corp. grew its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,673 shares of the credit services provider's stock after acquiring an additional 1,072 shares during the period. Texas Yale Capital Corp.'s holdings in Mastercard were worth $9,139,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MA. FMR LLC lifted its stake in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock worth $11,725,627,000 after buying an additional 912,856 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Mastercard by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock worth $9,800,202,000 after buying an additional 282,739 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock worth $5,139,713,000 after buying an additional 817,836 shares in the last quarter. Northern Trust Corp lifted its stake in shares of 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. Finally, GAMMA Investing LLC raised its holdings in shares of Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock valued at $4,508,636,000 after purchasing an additional 8,213,123 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction 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. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial dropped their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective on the stock. KeyCorp boosted their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Citigroup raised their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $612.90.

Mastercard Price Performance

Shares of Mastercard stock traded up $0.36 on Monday, hitting $568.58. The company's stock had a trading volume of 2,492,288 shares, compared to its average volume of 2,459,007. Mastercard Incorporated has a 52-week low of $435.42 and a 52-week high of $594.71. The firm has a fifty day moving average price of $565.61 and a 200-day moving average price of $550.38. 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 $518.38 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last posted 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 company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the company posted $3.31 EPS. The company's quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed 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 0.53%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio is currently 21.32%.

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.