MV Capital Management Inc. Buys 4,730 Shares of Mastercard Incorporated (NYSE:MA)

MV Capital Management Inc. increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 326.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,177 shares of the credit services provider’s stock after acquiring an additional 4,730 shares during the quarter. MV Capital Management Inc.’s holdings in Mastercard were worth $2,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MA. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the 4th quarter valued at $26,000. VitalStone Financial LLC raised its stake in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard in the 4th quarter valued at $27,000. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter worth about $28,000. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the sale, the insider now owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the transaction, the insider now owns 3,463 shares of the company’s stock, valued at $1,572,202. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 111,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,163,228 shares of company stock valued at $1,428,540,870. 0.10% of the stock is owned by company insiders.

Mastercard Stock Up 1.6 %

MA traded up $7.04 during trading on Tuesday, reaching $444.65. 2,036,096 shares of the stock were exchanged, compared to its average volume of 2,462,871. The stock has a market cap of $413.35 billion, a P/E ratio of 35.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The stock’s 50 day moving average price is $451.12 and its two-hundred day moving average price is $453.44. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the company earned $2.80 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts expect that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.59%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MA shares. JPMorgan Chase & Co. dropped their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Evercore ISI decreased their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Mizuho decreased their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Robert W. Baird lifted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $496.91.

Mastercard 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.