Valeo Financial Advisors LLC Acquires 413 Shares of Mastercard Incorporated (NYSE:MA)

Valeo Financial Advisors LLC boosted its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,900 shares of the credit services provider’s stock after buying an additional 413 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Mastercard were worth $11,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Evolution Wealth Advisors LLC bought a new position in shares of Mastercard in the first quarter worth about $208,000. Naviter Wealth LLC raised its stake in Mastercard by 9.7% during the 1st quarter. Naviter Wealth LLC now owns 6,377 shares of the credit services provider’s stock worth $3,071,000 after acquiring an additional 564 shares during the period. Nvest Financial LLC lifted its holdings in Mastercard by 10.6% during the first quarter. Nvest Financial LLC now owns 906 shares of the credit services provider’s stock valued at $436,000 after purchasing an additional 87 shares in the last quarter. CAP Partners LLC boosted its position in shares of Mastercard by 2.2% in the first quarter. CAP Partners LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 37 shares during the period. Finally, Financial Security Advisor Inc. purchased a new stake in shares of Mastercard in the first quarter worth $204,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.8 %

Shares of MA stock traded up $3.53 on Wednesday, reaching $448.18. 3,192,005 shares of the company’s stock were exchanged, compared to its average volume of 2,468,812. The company’s fifty day simple moving average is $450.76 and its 200 day simple moving average is $453.63. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $416.63 billion, a PE ratio of 35.61, a P/E/G ratio of 1.72 and a beta of 1.09.

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

Mastercard Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MA shares. Barclays dropped their target price 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. Susquehanna reissued a “positive” rating and set a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Wells Fargo & Company upped their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Robert W. Baird lifted their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, 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. Two investment 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, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Insider Transactions at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the completion of the sale, the insider now directly owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder Foundation Mastercard sold 110,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the sale, the insider now owns 94,014,308 shares in the company, valued at approximately $41,500,735,980.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the 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 transaction, the insider now owns 58,940 shares in the company, valued at $26,585,476.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870. 0.10% of the stock is currently owned by company insiders.

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.