Wiregrass Investment Management LLC Has $2.22 Million Position in Mastercard Incorporated $MA

Wiregrass Investment Management LLC grew its position in Mastercard Incorporated (NYSE:MAFree Report) by 49.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,450 shares of the credit services provider’s stock after acquiring an additional 1,479 shares during the period. Mastercard comprises about 1.8% of Wiregrass Investment Management LLC’s portfolio, making the stock its 11th largest holding. Wiregrass Investment Management LLC’s holdings in Mastercard were worth $2,223,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MA. E Fund Management Hong Kong Co. Ltd. lifted its stake in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 41 shares during the last quarter. Strive Financial Group LLC acquired a new position in Mastercard during the fourth quarter worth approximately $27,000. Hyposwiss Advisors SA acquired a new position in Mastercard during the fourth quarter worth approximately $29,000. First Pacific Financial raised its stake in Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock valued at $31,000 after buying an additional 33 shares during the period. Finally, Bay Harbor Wealth Management LLC raised its stake in Mastercard by 54.1% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 57 shares of the credit services provider’s stock valued at $33,000 after buying an additional 20 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.8%

Shares of NYSE:MA opened at $537.33 on Wednesday. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.77. The stock has a market cap of $474.78 billion, a PE ratio of 31.10, a P/E/G ratio of 1.71 and a beta of 0.73. The business has a 50 day moving average of $505.73 and a 200-day moving average of $515.35. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.73 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 19.62 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio is currently 20.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MA shares. Citigroup cut their price objective on Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley restated an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a research note on Friday, May 1st. Piper Sandler began coverage on Mastercard in a report on Monday, June 29th. They set an “overweight” rating and a $597.00 price target for the company. Raymond James Financial set a $609.00 price target on Mastercard in a report on Friday, May 1st. Finally, Robert W. Baird upped their price objective on shares of Mastercard from $660.00 to $680.00 and gave the company an “outperform” rating in a report on Tuesday, July 7th. Eight investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $653.92.

View Our Latest Stock Report on MA

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of the stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at $1,793,880. This trade represents a 5.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of Mastercard stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $525.00, for a total value of $2,534,700.00. Following the sale, the insider directly owned 16,429 shares of the company’s stock, valued at $8,625,225. This represents a 22.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 7,005 shares of company stock worth $3,689,976. Insiders own 0.09% of the company’s stock.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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