Synergy Asset Management LLC Has $3.42 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Synergy Asset Management LLC increased its holdings in Mastercard Incorporated (NYSE:MA) by 50.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,097 shares of the credit services provider’s stock after acquiring an additional 2,393 shares during the period. Synergy Asset Management LLC’s holdings in Mastercard were worth $3,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. VitalStone Financial LLC lifted its stake in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard during the 4th quarter worth approximately $27,000. Westend Capital Management LLC purchased a new position in shares of Mastercard in the 1st quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC purchased a new stake in Mastercard in the fourth quarter worth $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

MA stock traded up $3.53 during mid-day trading on Tuesday, hitting $441.14. The company had a trading volume of 841,457 shares, compared to its average volume of 2,453,390. The company has a market capitalization of $410.09 billion, a price-to-earnings ratio of 34.79, a P/E/G ratio of 1.72 and a beta of 1.09. The company has a 50-day moving average price of $451.50 and a 200 day moving average price of $453.31. 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 12-month low of $359.77 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last posted its earnings results 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 return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the company earned $2.80 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut 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. Wells Fargo & Company lifted their target price on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Barclays decreased their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Morgan Stanley cut their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Finally, Piper Sandler initiated coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective for the company. Two equities 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 sale, the insider now directly owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. Corporate insiders own 0.10% of the company’s stock.

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.