Fermata Advisors LLC Invests $245,000 in Mastercard Incorporated (NYSE:MA)

Fermata Advisors LLC purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 509 shares of the credit services provider’s stock, valued at approximately $245,000.

Other institutional investors have also made changes to their positions in the company. Dark Forest Capital Management LP grew its holdings in shares of Mastercard by 81.0% during the 3rd quarter. Dark Forest Capital Management LP now owns 1,171 shares of the credit services provider’s stock worth $464,000 after purchasing an additional 524 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Mastercard by 11.4% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,236 shares of the credit services provider’s stock worth $1,281,000 after purchasing an additional 330 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Mastercard by 29.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,396 shares of the credit services provider’s stock worth $2,532,000 after purchasing an additional 1,458 shares in the last quarter. Operose Advisors LLC grew its holdings in shares of Mastercard by 26.7% during the 3rd quarter. Operose Advisors LLC now owns 551 shares of the credit services provider’s stock worth $218,000 after purchasing an additional 116 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of Mastercard by 20.1% during the 3rd quarter. OMERS ADMINISTRATION Corp now owns 466,538 shares of the credit services provider’s stock worth $184,707,000 after purchasing an additional 78,000 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $452.55, for a total transaction of $68,335,050.00. Following the sale, the insider now owns 95,930,308 shares of the company’s stock, valued at $43,413,260,885.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard 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 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 document filed with the SEC, which is available at 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 value of $68,335,050.00. Following the completion of the sale, the insider now directly owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The disclosure for this sale can be found here. Insiders have sold 3,025,228 shares of company stock worth $1,366,000,650 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MA shares. TD Cowen initiated coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. JPMorgan Chase & Co. cut their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Robert W. Baird lifted their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Morgan Stanley cut their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Susquehanna reiterated a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Stock Down 0.3 %

MA stock opened at $455.66 on Wednesday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $423.59 billion, a P/E ratio of 36.22, a P/E/G ratio of 1.79 and a beta of 1.09. The business has a 50-day moving average of $452.17 and a 200-day moving average of $452.78. 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 earnings per share 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 analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.80 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.58%. Mastercard’s dividend 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.