Mastercard Incorporated $MA Shares Bought by TFB Advisors LLC

TFB Advisors LLC boosted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,571 shares of the credit services provider’s stock after acquiring an additional 47 shares during the period. TFB Advisors LLC’s holdings in Mastercard were worth $861,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Dorsey & Whitney Trust CO LLC raised its position in shares of Mastercard by 3.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,845 shares of the credit services provider’s stock valued at $5,396,000 after buying an additional 351 shares during the last quarter. Aspire Growth Partners LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $298,000. Frisch Financial Group Inc. raised its position in shares of Mastercard by 8.2% in the first quarter. Frisch Financial Group Inc. now owns 636 shares of the credit services provider’s stock valued at $349,000 after buying an additional 48 shares during the last quarter. GDS Wealth Management grew its holdings in shares of Mastercard by 53.2% in the first quarter. GDS Wealth Management now owns 1,172 shares of the credit services provider’s stock valued at $642,000 after purchasing an additional 407 shares during the period. Finally, Breed s Hill Capital LLC increased its position in Mastercard by 3.6% during the first quarter. Breed s Hill Capital LLC now owns 1,661 shares of the credit services provider’s stock worth $911,000 after purchasing an additional 58 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MA shares. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. KeyCorp raised their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Finally, Morgan Stanley raised their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $617.93.

Insider Buying and Selling at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,453 shares of company stock worth $20,178,667. Insiders own 0.09% of the company’s stock.

Mastercard Stock Up 0.3%

Shares of Mastercard stock opened at $585.7690 on Wednesday. The company has a 50 day moving average of $563.22 and a 200 day moving average of $555.02. Mastercard Incorporated has a 52-week low of $461.90 and a 52-week high of $594.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $529.54 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.40 and a beta of 1.03.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio is presently 20.50%.

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.