Mastercard Incorporated (NYSE:MA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 472,669 shares of the credit services provider's stock after selling 772 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.05% of Mastercard worth $259,264,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MA. NewSquare Capital LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $26,000. Measured Risk Portfolios Inc. acquired a new stake in Mastercard during the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $32,000. Navigoe LLC acquired a new stake in Mastercard during the fourth quarter valued at approximately $33,000. Finally, 10Elms LLP acquired a new stake in Mastercard during the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares of the company's stock, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider now directly owns 24,582 shares of the company's stock, valued at approximately $13,765,920. The trade was a 3.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,383 shares of company stock valued at $19,035,108. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup upped their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. KeyCorp upped their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Stock Performance

MA stock traded up $6.21 on Friday, reaching $552.02. The company's stock had a trading volume of 3,836,616 shares, compared to its average volume of 2,661,414. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a market capitalization of $503.28 billion, a P/E ratio of 38.71, a price-to-earnings-growth ratio of 2.40 and a beta of 1.05. The firm has a fifty day moving average of $563.13 and a two-hundred day moving average of $545.44. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the company posted $3.31 EPS. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is currently 21.32%.

About Mastercard

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.