Hexagon Capital Partners LLC Purchases 126 Shares of Mastercard Incorporated (NYSE:MA)

Hexagon Capital Partners LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 12.5% in the 1st quarter, Holdings Channel reports. The firm owned 1,135 shares of the credit services provider’s stock after buying an additional 126 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Mastercard were worth $622,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MA. Brighton Jones LLC increased its stake in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Mastercard by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider’s stock worth $1,555,000 after purchasing an additional 1,006 shares during the period. Marco Investment Management LLC increased its holdings in Mastercard by 7.7% during the fourth quarter. Marco Investment Management LLC now owns 575 shares of the credit services provider’s stock valued at $303,000 after buying an additional 41 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in Mastercard during the fourth quarter valued at approximately $1,540,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider directly owned 23,624 shares of the company’s stock, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MA shares. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Finally, Evercore ISI initiated coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $611.50.

Mastercard Trading Up 0.9%

Mastercard stock opened at $566.53 on Friday. The firm has a market cap of $516.51 billion, a PE ratio of 39.73, a P/E/G ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The stock’s 50 day simple moving average is $566.83 and its two-hundred day simple moving average is $546.68. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.31 earnings per share. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s payout ratio is currently 21.32%.

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.