Mountain Pacific Investment Advisers Inc. ID purchased a new stake in shares of Mastercard Inc (NYSE:MA) in the 2nd quarter, Holdings Channel reports. The fund purchased 806 shares of the credit services provider’s stock, valued at approximately $238,000.

A number of other hedge funds have also modified their holdings of the stock. Norges Bank acquired a new position in shares of Mastercard during the fourth quarter valued at approximately $2,754,179,000. Fisher Asset Management LLC boosted its stake in shares of Mastercard by 637.9% in the first quarter. Fisher Asset Management LLC now owns 3,560,005 shares of the credit services provider’s stock worth $859,955,000 after acquiring an additional 3,077,542 shares during the last quarter. Veritas Asset Management LLP acquired a new stake in shares of Mastercard in the first quarter worth approximately $549,597,000. Advisor Group Holdings Inc. acquired a new stake in shares of Mastercard in the first quarter worth approximately $53,522,000. Finally, Capital International Investors boosted its stake in shares of Mastercard by 44.2% in the first quarter. Capital International Investors now owns 3,431,966 shares of the credit services provider’s stock worth $829,028,000 after acquiring an additional 1,052,440 shares during the last quarter. 73.95% of the stock is currently owned by institutional investors.

NYSE:MA opened at $294.59 on Friday. The firm has a market cap of $301.27 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 3.63 and a beta of 1.08. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 2.30. The company’s 50-day moving average is $300.51 and its two-hundred day moving average is $291.31. Mastercard Inc has a 12-month low of $199.99 and a 12-month high of $347.25.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, April 29th. The credit services provider reported $1.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.73 by $0.10. The company had revenue of $4.01 billion for the quarter, compared to analyst estimates of $3.98 billion. Mastercard had a net margin of 46.75% and a return on equity of 149.02%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.78 EPS. On average, equities research analysts forecast that Mastercard Inc will post 6.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.54%. Mastercard’s payout ratio is currently 20.59%.

MA has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded Mastercard from a “buy” rating to a “hold” rating and reduced their target price for the company from $290.00 to $275.00 in a research report on Wednesday, April 15th. Nomura reiterated a “buy” rating and issued a $334.00 price objective on shares of Mastercard in a report on Thursday, April 30th. Raymond James upped their price target on Mastercard from $288.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Robert W. Baird upped their price target on Mastercard from $270.00 to $308.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Piper Sandler cut their price target on Mastercard from $332.00 to $292.00 in a report on Thursday, March 12th. Five investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $326.43.

In related news, Director Steven J. Freiberg sold 4,230 shares of Mastercard stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $303.98, for a total transaction of $1,285,835.40. Following the transaction, the director now owns 5,376 shares in the company, valued at approximately $1,634,196.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 2,009 shares of Mastercard stock in a transaction on Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now owns 7,346 shares in the company, valued at approximately $2,070,029.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 527,044 shares of company stock worth $158,686,565. Insiders own 3.79% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Featured Story: How to interpret the current ratio

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Inc (NYSE:MA).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.