Mirador Capital Partners LP Buys New Stake in Mastercard Incorporated (NYSE:MA)

Mirador Capital Partners LP purchased a new position in shares of Mastercard Incorporated (NYSE:MA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 419 shares of the credit services provider’s stock, valued at approximately $202,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Mastercard during the fourth quarter worth about $4,595,559,000. International Assets Investment Management LLC lifted its holdings in Mastercard by 43,445.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after buying an additional 2,929,940 shares in the last quarter. Vanguard Group Inc. boosted its position in Mastercard by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after buying an additional 742,076 shares during the period. Capital International Investors grew its stake in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after acquiring an additional 676,452 shares in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Mastercard by 4.7% during the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $437.61 on Tuesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The company has a 50-day simple moving average of $451.50 and a 200-day simple moving average of $453.31. The stock has a market capitalization of $406.81 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the firm earned $2.80 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. Mastercard’s payout ratio is currently 20.99%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Robert W. Baird boosted their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Piper Sandler assumed coverage on shares of Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price on the stock. TD Cowen started coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Wells Fargo & Company raised their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Morgan Stanley lowered their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $496.91.

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.