Financial Advisors Network Inc. increased its position in Mastercard Incorporated (NYSE:MA) by 3.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,962 shares of the credit services provider’s stock after buying an additional 111 shares during the period. Financial Advisors Network Inc.’s holdings in Mastercard were worth $348,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Lipe & Dalton purchased a new stake in Mastercard during the first quarter worth $101,000. Kistler Tiffany Companies LLC increased its stake in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock worth $115,000 after buying an additional 100 shares in the last quarter. First Bank & Trust increased its stake in Mastercard by 14.5% in the first quarter. First Bank & Trust now owns 1,300 shares of the credit services provider’s stock worth $146,000 after buying an additional 165 shares in the last quarter. Tarbox Group Inc. increased its stake in Mastercard by 323.8% in the first quarter. Tarbox Group Inc. now owns 1,352 shares of the credit services provider’s stock worth $152,000 after buying an additional 1,033 shares in the last quarter. Finally, Welch Group LLC increased its stake in Mastercard by 1.2% in the first quarter. Welch Group LLC now owns 1,625 shares of the credit services provider’s stock worth $183,000 after buying an additional 20 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Shares of Mastercard Incorporated (NYSE MA) traded up 1.03% during mid-day trading on Monday, reaching $129.88. The company had a trading volume of 588,537 shares. The firm has a market capitalization of $138.31 billion, a PE ratio of 32.23 and a beta of 1.17. Mastercard Incorporated has a 12-month low of $94.41 and a 12-month high of $132.20. The stock has a 50 day moving average price of $126.59 and a 200 day moving average price of $117.50.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. On average, equities analysts forecast that Mastercard Incorporated will post $4.40 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, July 7th were issued a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.68%. Mastercard’s dividend payout ratio is 21.78%.

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A number of equities research analysts have recently weighed in on the company. Cowen and Company reissued an “outperform” rating and set a $137.00 target price (up previously from $129.00) on shares of Mastercard in a report on Sunday, July 30th. BidaskClub downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BMO Capital Markets lifted their target price on Mastercard from $126.00 to $137.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Loop Capital lifted their target price on Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a report on Friday, July 28th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $130.00 price target on shares of Mastercard in a research note on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $128.20.

In related news, major shareholder Foundation Mastercard sold 87,623 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the transaction, the insider now directly owns 112,240,179 shares in the company, valued at approximately $14,517,144,751.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 850,468 shares of company stock worth $109,574,694. 0.30% of the stock is currently owned by insiders.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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