1,488 Shares in Mastercard Incorporated $MA Acquired by VestGen Investment Management

VestGen Investment Management purchased a new position in Mastercard Incorporated (NYSE:MA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,488 shares of the credit services provider’s stock, valued at approximately $836,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accredited Investors Inc. lifted its position in Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 18 shares in the last quarter. Wealthstream Advisors Inc. lifted its position in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after acquiring an additional 18 shares in the last quarter. Pinion Investment Advisors LLC lifted its position in Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after acquiring an additional 18 shares in the last quarter. KRS Capital Management LLC lifted its position in Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after acquiring an additional 18 shares in the last quarter. Finally, Nvest Financial LLC lifted its position in Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after acquiring an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MA shares. Robert W. Baird upped their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Morgan Stanley upped their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citigroup raised Mastercard to a “strong-buy” rating in a research report on Thursday. Finally, KeyCorp restated an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a research note on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $638.96.

Mastercard Price Performance

Shares of Mastercard stock opened at $573.72 on Friday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The stock’s fifty day moving average is $579.51 and its 200 day moving average is $566.01. The stock has a market cap of $518.65 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period last year, the firm earned $3.50 EPS. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

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.