Broderick Brian C Buys 1,259 Shares of Mastercard Incorporated $MA

Broderick Brian C lifted its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,899 shares of the credit services provider’s stock after purchasing an additional 1,259 shares during the period. Mastercard accounts for 3.4% of Broderick Brian C’s holdings, making the stock its 8th biggest position. Broderick Brian C’s holdings in Mastercard were worth $18,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Greenwood Gearhart LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $224,000. Eaton Cambridge Inc. acquired a new position in shares of Mastercard during the 1st quarter worth about $207,000. Next Capital Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $205,000. S&CO Inc. raised its holdings in shares of Mastercard by 31.0% in the 1st quarter. S&CO Inc. now owns 21,481 shares of the credit services provider’s stock valued at $10,733,000 after purchasing an additional 5,082 shares during the period. Finally, SEB Asset Management AB acquired a new stake in Mastercard in the 1st quarter valued at about $293,574,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. UBS Group reiterated a “buy” rating on shares of Mastercard in a report on Thursday, June 25th. Weiss Ratings lowered Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, April 24th. TD Cowen cut their price objective on Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. BMO Capital Markets initiated coverage on Mastercard in a research note on Tuesday, April 21st. They set an “outperform” rating and a $605.00 target price for the company. Finally, Clear Str raised Mastercard to a “strong-buy” rating in a report on Thursday. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $653.92.

Mastercard Price Performance

Shares of Mastercard stock opened at $543.55 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The stock has a market capitalization of $480.27 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.70 and a beta of 0.73. Mastercard Incorporated has a twelve month low of $464.52 and a twelve month high of $601.77. The company has a 50-day simple moving average of $503.99 and a two-hundred day simple moving average of $515.80.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the business posted $3.73 EPS. The business’s revenue was up 15.8% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post 19.62 EPS for the current year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In other Mastercard news, 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 completion of the transaction, the insider directly owned 16,429 shares of the company’s stock, valued at $8,625,225. The trade was a 22.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction on Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the completion of the transaction, the insider directly owned 3,322 shares of the company’s stock, valued at $1,793,880. This represents a 5.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 7,005 shares of company stock worth $3,689,976. Corporate insiders own 0.09% of the company’s stock.

Mastercard Company Profile

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.