Westwind Capital Has $37.98 Million Stake in Mastercard Incorporated (NYSE:MA)

Westwind Capital grew its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,299 shares of the credit services provider's stock after acquiring an additional 545 shares during the period. Mastercard comprises approximately 9.5% of Westwind Capital's investment portfolio, making the stock its 2nd biggest holding. Westwind Capital's holdings in Mastercard were worth $37,984,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Richard W. Paul & Associates LLC lifted its position in Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after buying an additional 19 shares in the last quarter. Founders Financial Alliance LLC lifted its position in Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after buying an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC lifted its position in Mastercard by 2.3% in the 4th quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after buying an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC lifted its position in Mastercard by 2.6% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after buying an additional 19 shares in the last quarter. Finally, Strategy Asset Managers LLC lifted its position in 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 in the last quarter. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Up 1.1%

Shares of MA stock opened at $552.02 on Friday. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a market capitalization of $503.28 billion, a P/E ratio of 38.71, a P/E/G ratio of 2.38 and a beta of 1.05. The firm has a 50-day moving average price of $563.13 and a 200 day moving average price of $545.36. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the firm posted $3.31 EPS. The firm's quarterly revenue was up 14.2% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced 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 dividend yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio is presently 21.32%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MA shares. UBS Group increased their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wolfe Research set a $655.00 price target on shares of Mastercard in a research note on Monday. Citigroup increased their price target on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction dated 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 now directly owns 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the transaction, the insider now directly owns 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,383 shares of company stock valued at $19,035,108. Insiders own 0.09% of the company's stock.

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.

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