Saybrook Capital NC Increases Stock Position in Mastercard Incorporated (NYSE:MA)

Saybrook Capital NC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 15,835 shares of the credit services provider’s stock after acquiring an additional 70 shares during the period. Mastercard makes up approximately 2.4% of Saybrook Capital NC’s portfolio, making the stock its 14th largest holding. Saybrook Capital NC’s holdings in Mastercard were worth $8,679,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. NewSquare Capital LLC bought a new position in Mastercard during the fourth quarter valued at approximately $26,000. Measured Risk Portfolios Inc. bought a new position in shares of Mastercard during the 4th quarter valued at $31,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Mastercard during the 4th quarter valued at $32,000. Navigoe LLC bought a new position in Mastercard in the fourth quarter valued at about $33,000. Finally, 10Elms LLP bought a new position in shares of Mastercard in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $557.69 on Wednesday. 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 business has a 50-day simple moving average of $561.13 and a 200-day simple moving average of $545.00. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The stock has a market cap of $508.45 billion, a PE ratio of 39.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard’s payout ratio is currently 21.32%.

Analyst Upgrades and Downgrades

Several research firms have weighed in 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 on the stock. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Evercore ISI began coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 target price on the stock. KeyCorp raised their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Monness Crespi & Hardt downgraded shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the 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 sale, the insider now directly owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 949 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $535.80, for a total transaction of $508,474.20. Following the completion of the sale, the insider now owns 14,021 shares of the company’s stock, valued at approximately $7,512,451.80. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,115 shares of company stock valued at $18,324,718 over the last quarter. 0.09% of the stock is currently owned by insiders.

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.