Mastercard Incorporated (NYSE:MA) Position Increased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Mastercard Incorporated (NYSE:MA) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,114 shares of the credit services provider’s stock after purchasing an additional 4,938 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Mastercard were worth $36,654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hoxton Planning & Management LLC increased its position in Mastercard by 1.4% during the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after acquiring an additional 22 shares during the period. Carolinas Wealth Consulting LLC grew its position in Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after buying an additional 23 shares in the last quarter. Benin Management CORP grew its position in Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after buying an additional 23 shares in the last quarter. Atticus Wealth Management LLC raised its holdings in Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after acquiring an additional 23 shares in the last quarter. Finally, Cypress Wealth Services LLC lifted its position in shares of Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 1.6 %

Shares of Mastercard stock traded up $7.04 during midday trading on Tuesday, reaching $444.65. The company had a trading volume of 2,036,076 shares, compared to its average volume of 2,462,871. The firm has a market cap of $413.35 billion, a PE ratio of 35.17, a P/E/G ratio of 1.72 and a beta of 1.09. The stock has a fifty day moving average price of $451.12 and a 200 day moving average price of $453.44. 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 fifty-two week low of $359.77 and a fifty-two week high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the firm posted $2.80 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction that occurred on 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 owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Mastercard news, insider Raj Seshadri sold 5,216 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total value of $2,330,039.36. Following the transaction, the insider now owns 15,183 shares in the company, valued at $6,782,397.93. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The disclosure for this sale can be found here. Insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870 in the last ninety days. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on MA shares. TD Cowen assumed coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Evercore ISI lowered their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird raised their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Morgan Stanley lowered their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Mizuho decreased their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price 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.