Mastercard Incorporated (NYSE:MA) Shares Sold by Elyxium Wealth LLC

Elyxium Wealth LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 65.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 649 shares of the credit services provider's stock after selling 1,233 shares during the quarter. Elyxium Wealth LLC's holdings in Mastercard were worth $342,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Addison Advisors LLC boosted its position in Mastercard by 3.8% in the fourth quarter. Addison Advisors LLC now owns 493 shares of the credit services provider's stock valued at $260,000 after buying an additional 18 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after purchasing an additional 19 shares in the last quarter. Capital Investment Services of America Inc. lifted its position in shares of Mastercard by 4.2% during the 4th quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock valued at $250,000 after buying an additional 19 shares in the last quarter. Augustine Asset Management Inc. lifted its position in shares of Mastercard by 1.1% during the 4th quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock valued at $946,000 after buying an additional 19 shares in the last quarter. Finally, Richard W. Paul & Associates LLC lifted its position in shares of Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on MA shares. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Susquehanna raised their price objective on Mastercard from $605.00 to $670.00 and gave the stock a "positive" rating in a research report on Friday, January 31st. Citigroup raised their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Piper Sandler reiterated an "overweight" rating and set a $635.00 price target (up from $591.00) on shares of Mastercard in a research note on Friday, January 31st. Finally, UBS Group cut their price target on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $606.25.

Insider Buying and Selling at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of Mastercard stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the sale, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. This trade represents a 17.12% decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of Mastercard stock traded up $1.26 during trading hours on Friday, hitting $568.38. 1,527,967 shares of the company were exchanged, compared to its average volume of 2,608,735. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $582.23. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The business has a 50-day moving average of $532.17 and a 200-day moving average of $533.39. The stock has a market capitalization of $518.20 billion, a price-to-earnings ratio of 40.92, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.31 earnings per share. As a group, analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Wednesday, April 9th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Wednesday, April 9th. Mastercard's dividend payout ratio (DPR) is 21.32%.

Mastercard Company 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.