Yukon Wealth Management Inc. Invests $4.24 Million in Mastercard Incorporated (NYSE:MA)

Yukon Wealth Management Inc. bought a new stake in Mastercard Incorporated (NYSE:MA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,730 shares of the credit services provider's stock, valued at approximately $4,237,000. Mastercard makes up approximately 1.8% of Yukon Wealth Management Inc.'s investment portfolio, making the stock its 13th largest position.

Several other large investors have also recently bought and sold shares of MA. Whalerock Point Partners LLC increased its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares during the last quarter. Fortis Advisors LLC grew its holdings in Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after buying an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida raised its stake in Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after purchasing an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in Mastercard by 1.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after buying an additional 1,194 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its position in shares of Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after purchasing an additional 1,047 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MA. Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target for the company. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Macquarie cut their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Finally, KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently 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 company's 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 sale, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. 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 quarter. Company insiders own 0.09% of the company's stock.

Mastercard Stock Performance

Shares of MA traded up $5.01 during trading hours on Friday, hitting $566.53. The company had a trading volume of 1,528,739 shares, compared to its average volume of 2,668,807. The business has a fifty day moving average of $566.17 and a 200-day moving average of $546.25. 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 firm has a market cap of $516.51 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.44 and a beta of 1.02. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 for the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the prior year, the firm earned $3.31 EPS. The business'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 Announces Dividend

The firm 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 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is 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.