Brookstone Capital Management Purchases 237 Shares of Mastercard Incorporated (NYSE:MA)

Brookstone Capital Management boosted its position in shares of Mastercard Incorporated (NYSE:MA) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,272 shares of the credit services provider’s stock after acquiring an additional 237 shares during the quarter. Brookstone Capital Management’s holdings in Mastercard were worth $3,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Altshuler Shaham Ltd bought a new stake in Mastercard during the fourth quarter worth $26,000. VitalStone Financial LLC raised its position in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Mastercard during the fourth quarter worth $27,000. Westend Capital Management LLC acquired a new position in shares of Mastercard in the first quarter valued at $27,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Mastercard in the fourth quarter valued at $28,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Down 2.0 %

MA stock opened at $443.13 on Friday. The stock has a market capitalization of $411.94 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09. The company has a current ratio of 1.09, a quick 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. The firm has a 50-day moving average price of $452.02 and a 200-day moving average price of $452.77.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.80 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the transaction, the insider now owns 96,996,308 shares in the company, valued at approximately $44,887,951,416.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the transaction, the insider now owns 96,996,308 shares in the company, valued at approximately $44,887,951,416.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,163,228 shares of company stock valued at $1,428,540,870. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on MA. Wells Fargo & Company upped their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Morgan Stanley decreased their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Robert W. Baird upped their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. 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. Finally, Susquehanna reiterated a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Two 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

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.