Argentarii LLC Acquires 997 Shares of Mastercard Incorporated (NYSE:MA)

Argentarii LLC raised its holdings in Mastercard Incorporated (NYSE:MA) by 81.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,215 shares of the credit services provider’s stock after purchasing an additional 997 shares during the quarter. Argentarii LLC’s holdings in Mastercard were worth $1,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $31,000. Navigoe LLC bought a new position in Mastercard in the 4th quarter valued at $33,000. 10Elms LLP acquired a new stake in shares of Mastercard in the 4th quarter valued at $33,000. Truvestments Capital LLC raised its position in shares of Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $566.53 on Friday. The company has a market capitalization of $516.51 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 2.47 and a beta of 1.02. The business’s 50-day moving average price is $566.83 and its two-hundred day moving average price is $546.68. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

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

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price target for the company. Citigroup increased 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. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

Insiders Place Their Bets

In related news, Director Julius Genachowski sold 310 shares of the firm’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the transaction, the director owned 8,323 shares of the company’s stock, valued at approximately $4,669,203. This trade represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,441 shares of company stock valued at $20,173,035 over the last 90 days. 0.09% of the stock is currently owned by company insiders.

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.