Warren Averett Asset Management LLC purchased a new stake in shares of Mastercard Incorporated (NYSE:MA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,076 shares of the credit services provider’s stock, valued at approximately $908,000.

A number of other institutional investors have also recently modified their holdings of MA. Integrated Investment Consultants LLC boosted its stake in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock valued at $101,000 after buying an additional 650 shares during the period. Israel Discount Bank of New York GFN bought a new stake in Mastercard during the fourth quarter valued at about $110,000. Kistler Tiffany Companies LLC boosted its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares during the period. Archford Capital Strategies LLC boosted its stake in Mastercard by 767.6% in the fourth quarter. Archford Capital Strategies LLC now owns 1,258 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,113 shares during the period. Finally, First Bank & Trust boosted its stake in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock valued at $146,000 after buying an additional 165 shares during the period. Institutional investors own 75.68% of the company’s stock.

Shares of Mastercard Incorporated (MA) traded down 0.05% during mid-day trading on Friday, reaching $129.82. 2,034,484 shares of the company were exchanged. The stock has a 50 day moving average price of $124.99 and a 200-day moving average price of $116.49. The stock has a market capitalization of $138.24 billion, a P/E ratio of 32.21 and a beta of 1.17. Mastercard Incorporated has a 12 month low of $94.41 and a 12 month high of $132.20.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post $4.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Friday, July 7th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.68%. Mastercard’s dividend payout ratio is presently 21.78%.

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Several equities research analysts have issued reports on the stock. BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Monday. Cowen and Company reissued an “outperform” rating and issued a $137.00 price objective (up from $129.00) on shares of Mastercard in a research report on Sunday, July 30th. BMO Capital Markets upped their price target on shares of Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Loop Capital boosted their price objective on shares of Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a research note on Friday, July 28th. They noted that the move was a valuation call. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $147.00 price objective (up previously from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $128.20.

In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $126.60, for a total value of $11,092,438.80. Following the transaction, the insider now directly owns 112,736,681 shares in the company, valued at approximately $14,272,463,814.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 704,433 shares of company stock worth $90,655,568 over the last quarter. Insiders own 0.30% of the company’s stock.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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