Fund 1 Investments LLC Purchases Shares of 625 Mastercard Incorporated (NYSE:MA)

Fund 1 Investments LLC acquired a new position in Mastercard Incorporated (NYSE:MA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 625 shares of the credit services provider’s stock, valued at approximately $329,000.

Several other large investors have also modified their holdings of MA. Vanguard Group Inc. increased its position in Mastercard by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after acquiring an additional 377,302 shares during the period. FMR LLC lifted its stake in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock valued at $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC raised its holdings in Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock valued at $9,800,202,000 after acquiring an additional 282,739 shares in the last quarter. Norges Bank acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $6,022,224,000. Finally, Wellington Management Group LLP increased its position in shares of Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after purchasing an additional 817,836 shares during the period. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on MA. Barclays increased their price objective on Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Wells Fargo & Company boosted their price target on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Evercore ISI started coverage on shares of Mastercard in a report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Finally, Keefe, Bruyette & Woods boosted their target price on Mastercard from $618.00 to $665.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $606.25.

Insider Buying and Selling at Mastercard

In other news, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now directly owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Miebach sold 15,775 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares of the company’s stock, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $568.38 on Friday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $582.23. The company’s fifty day simple moving average is $532.17 and its 200-day simple moving average is $533.09. The firm has a market cap of $518.20 billion, a PE ratio of 40.92, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the business posted $3.31 EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.53%. Mastercard’s dividend payout ratio is presently 21.32%.

Mastercard Company 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.