Capital Advisors Ltd. LLC Purchases 50 Shares of Mastercard Incorporated (NYSE:MA)

Capital Advisors Ltd. LLC lifted its position in Mastercard Incorporated (NYSE:MA) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,690 shares of the credit services provider’s stock after buying an additional 50 shares during the period. Capital Advisors Ltd. LLC’s holdings in Mastercard were worth $1,295,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Activest Wealth Management increased its position in shares of Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the last quarter. Cross Staff Investments Inc increased its position in shares of Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the last quarter. Everett Harris & Co. CA raised its stake in shares of Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp grew its stake in shares of Mastercard by 23.9% in the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after buying an additional 2,337 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on MA shares. Evercore ISI reduced their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Mizuho cut their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Piper Sandler assumed coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Finally, Barclays reduced their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

Mastercard Stock Performance

Mastercard stock traded up $6.93 during trading on Tuesday, hitting $444.54. The stock had a trading volume of 1,383,055 shares, compared to its average volume of 2,457,688. The stock has a market cap of $413.25 billion, a price-to-earnings ratio of 35.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The stock’s 50 day moving average is $451.12 and its two-hundred day moving average is $453.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $2.80 EPS. As a group, analysts predict 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is currently 20.99%.

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 5,216 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the transaction, the insider now directly owns 15,183 shares in the company, valued at $6,782,397.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870. 0.10% of the stock is currently owned by insiders.

About Mastercard

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.