Mastercard Incorporated $MA Shares Acquired by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 443.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,881 shares of the credit services provider’s stock after purchasing an additional 2,351 shares during the period. Alpine Woods Capital Investors LLC’s holdings in Mastercard were worth $1,619,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Mastercard in the 2nd quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD increased its position in shares of Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares during the period. Wellington Management Group LLP increased its position in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $4,238,764,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MA. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, Wolfe Research set a $655.00 price target on shares of Mastercard in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $634.04.

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Up 0.3%

MA stock opened at $558.89 on Tuesday. The company’s 50-day simple moving average is $580.79 and its 200-day simple moving average is $563.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a market cap of $505.24 billion, a P/E ratio of 37.69, a PEG ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 EPS. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

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.