RAM Investment Partners LLC Buys 50 Shares of Mastercard Incorporated (NYSE:MA)

RAM Investment Partners LLC boosted its stake in Mastercard Incorporated (NYSE:MA) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,033 shares of the credit services provider’s stock after acquiring an additional 50 shares during the quarter. RAM Investment Partners LLC’s holdings in Mastercard were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Global Assets Advisory LLC raised its stake in shares of Mastercard by 207.6% in the 1st quarter. Global Assets Advisory LLC now owns 2,556 shares of the credit services provider’s stock valued at $1,310,000 after purchasing an additional 1,725 shares during the period. Field & Main Bank grew its holdings in shares of Mastercard by 1.0% during the first quarter. Field & Main Bank now owns 2,242 shares of the credit services provider’s stock worth $1,229,000 after buying an additional 22 shares in the last quarter. Archford Capital Strategies LLC raised its position in Mastercard by 15.9% in the 1st quarter. Archford Capital Strategies LLC now owns 8,311 shares of the credit services provider’s stock valued at $4,555,000 after buying an additional 1,142 shares during the last quarter. Fourth Dimension Wealth LLC lifted its stake in Mastercard by 5.0% in the 1st quarter. Fourth Dimension Wealth LLC now owns 1,046 shares of the credit services provider’s stock valued at $573,000 after acquiring an additional 50 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in Mastercard by 1.2% during the 1st quarter. International Assets Investment Management LLC now owns 16,924 shares of the credit services provider’s stock worth $9,277,000 after acquiring an additional 206 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the completion of the sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Raj Seshadri sold 949 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $535.80, for a total value of $508,474.20. Following the transaction, the insider now owns 14,021 shares in the company, valued at approximately $7,512,451.80. This trade represents a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,115 shares of company stock valued at $18,324,718 in the last quarter. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $557.69 on Wednesday. The stock has a market cap of $508.45 billion, a PE ratio of 39.11, a P/E/G ratio of 2.37 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50-day moving average of $561.13 and a 200-day moving average of $545.00. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm posted $3.31 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard’s dividend payout ratio (DPR) is 21.32%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. The Goldman Sachs Group restated a “buy” rating and set a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $610.00.

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.