Advance Capital Management Inc. Purchases 182 Shares of Mastercard Incorporated (NYSE:MA)

Advance Capital Management Inc. raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,650 shares of the credit services provider’s stock after acquiring an additional 182 shares during the period. Advance Capital Management Inc.’s holdings in Mastercard were worth $795,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MA. Activest Wealth Management boosted its stake in shares of Mastercard by 87.4% during the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares during the period. Cross Staff Investments Inc boosted its position in Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares during the period. Everett Harris & Co. CA grew its holdings in Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after acquiring an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp increased its position 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 acquiring an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp increased its position in shares of Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raj Seshadri sold 3,464 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the sale, the insider now directly owns 13,736 shares in the company, valued at $6,151,530.24. The disclosure for this sale can be found here. Insiders sold a total of 2,774,400 shares of company stock valued at $1,251,767,900 in the last three months. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MA has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Wells Fargo & Company raised their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Evercore ISI upped their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. TD Cowen initiated coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Finally, Robert W. Baird upped their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $497.78.

Mastercard Stock Performance

Shares of MA opened at $450.11 on Wednesday. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market cap of $418.43 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 1.75 and a beta of 1.09. The business has a 50-day simple moving average of $453.20 and a two-hundred day simple moving average of $451.24.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.80 earnings per share. On average, analysts expect that Mastercard Incorporated will post 14.22 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.59%. Mastercard’s payout ratio is 20.99%.

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.