Miracle Mile Advisors LLC Buys 663 Shares of Mastercard Incorporated (NYSE:MA)

Miracle Mile Advisors LLC grew its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,300 shares of the credit services provider’s stock after acquiring an additional 663 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Mastercard were worth $3,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Westend Capital Management LLC bought a new stake in Mastercard in the 1st quarter worth about $27,000. VitalStone Financial LLC increased its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in Mastercard in the 4th quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new stake in Mastercard in the 4th quarter worth about $27,000. Finally, Scarborough Advisors LLC bought a new stake in Mastercard in the 4th quarter worth about $28,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

MA opened at $437.61 on Tuesday. The business has a fifty day moving average of $451.50 and a 200 day moving average of $453.31. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market cap of $406.81 billion, a P/E 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 (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $2.80 EPS. Mastercard’s revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on MA shares. Robert W. Baird lifted their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Susquehanna reissued a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Mizuho dropped their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. JPMorgan Chase & Co. dropped their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, TD Cowen started coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 151,000 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the transaction, the insider now directly owns 95,930,308 shares in the company, valued at $43,413,260,885.40. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock worth $1,428,540,870 in the last three months. 0.10% of the stock is owned by 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.