Trilogy Capital Inc. Invests $432,000 in Mastercard Incorporated (NYSE:MA)

Trilogy Capital Inc. bought a new position in shares of Mastercard Incorporated (NYSE:MA) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 898 shares of the credit services provider’s stock, valued at approximately $432,000.

Several other hedge funds have also modified their holdings of the company. Cornerstone Wealth Group LLC boosted its stake in shares of Mastercard by 19.7% during the 1st quarter. Cornerstone Wealth Group LLC now owns 5,018 shares of the credit services provider’s stock worth $2,416,000 after acquiring an additional 827 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Mastercard by 15.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 50,210 shares of the credit services provider’s stock worth $24,180,000 after acquiring an additional 6,700 shares in the last quarter. Atticus Wealth Management LLC boosted its stake in shares of Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares in the last quarter. Foguth Wealth Management LLC. purchased a new stake in shares of Mastercard during the 1st quarter worth about $213,000. Finally, Brown Miller Wealth Management LLC raised its position in shares of Mastercard by 2.0% during the 1st quarter. Brown Miller Wealth Management LLC now owns 2,748 shares of the credit services provider’s stock worth $1,323,000 after purchasing an additional 55 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Trading Down 0.4 %

Shares of NYSE:MA traded down $1.59 during mid-day trading on Friday, reaching $441.16. 4,105,179 shares of the company were exchanged, compared to its average volume of 2,467,253. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The firm has a market cap of $410.11 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 1.72 and a beta of 1.09. The firm’s 50-day simple moving average is $451.50 and its 200 day simple moving average is $453.11.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the company posted $2.80 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a $0.66 dividend. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

MA has been the subject of several research analyst reports. Mizuho reduced their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Barclays reduced their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Piper Sandler initiated coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, TD Cowen started coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Mastercard 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.