Lincoln Capital Corp Grows Position in Mastercard Incorporated (NYSE:MA)

by · The Cerbat Gem

Lincoln Capital Corp raised its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,929 shares of the credit services provider’s stock after acquiring an additional 96 shares during the period. Lincoln Capital Corp’s holdings in Mastercard were worth $2,154,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after acquiring an additional 377,302 shares during the last quarter. FMR LLC grew its position in Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after acquiring an additional 912,856 shares during the last quarter. Geode Capital Management LLC grew its position in Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after acquiring an additional 282,739 shares during the last quarter. Norges Bank bought a new position in Mastercard during the 4th quarter worth approximately $6,022,224,000. Finally, Wellington Management Group LLP grew its position in Mastercard by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after acquiring an additional 817,836 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, 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 completion of the sale, the insider owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company’s stock, valued at $20,636,125.55. This represents a 13.89% decrease in their position. 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 ninety days. 0.09% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of MA opened at $561.96 on Tuesday. 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 Incorporated has a one year low of $428.86 and a one year high of $594.71. The firm has a market capitalization of $512.34 billion, a P/E ratio of 39.41, a PEG ratio of 2.40 and a beta of 1.05. The business has a fifty day moving average of $564.18 and a 200 day moving average of $545.76.

Mastercard (NYSE:MA – Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the company posted $3.31 earnings per share. Mastercard’s revenue was up 14.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s payout ratio is currently 21.32%.

Analyst Ratings Changes

Several research firms have weighed in on MA. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. Citigroup increased their price objective on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $611.50.

Read Our Latest Analysis on MA

Mastercard Profile

(Free Report)

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.

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