Mastercard Incorporated (NYSE:MA) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 13.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,879 shares of the credit services provider's stock after selling 610 shares during the period. Alpha Cubed Investments LLC's holdings in Mastercard were worth $2,126,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Planning Directions Inc. purchased a new stake in Mastercard in the 1st quarter worth approximately $202,000. Family Capital Management Inc. lifted its position in Mastercard by 18.7% in the first quarter. Family Capital Management Inc. now owns 1,217 shares of the credit services provider's stock worth $667,000 after buying an additional 192 shares during the last quarter. Capital Management Associates Inc lifted its position in Mastercard by 94.5% in the first quarter. Capital Management Associates Inc now owns 2,038 shares of the credit services provider's stock worth $1,117,000 after buying an additional 990 shares during the last quarter. Interchange Capital Partners LLC lifted its position in Mastercard by 2.7% in the first quarter. Interchange Capital Partners LLC now owns 3,034 shares of the credit services provider's stock worth $1,663,000 after buying an additional 80 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Mastercard by 8.1% during the first quarter. Crossmark Global Holdings Inc. now owns 101,082 shares of the credit services provider's stock worth $55,405,000 after purchasing an additional 7,605 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MA. Tigress Financial reiterated a "strong-buy" rating on shares of Mastercard in a research report on Monday, March 10th. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial began coverage on Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 target price for the company. UBS Group raised their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $611.50.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is owned by company insiders.

Mastercard Price Performance

Shares of Mastercard stock traded down $3.83 during trading on Monday, reaching $565.41. The company's stock had a trading volume of 2,478,283 shares, compared to its average volume of 2,669,836. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a market capitalization of $515.49 billion, a P/E ratio of 39.65, a price-to-earnings-growth ratio of 2.47 and a beta of 1.02. The business has a 50 day moving average price of $566.83 and a 200-day moving average price of $546.84.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating 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 firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business earned $3.31 earnings per share. The company's revenue for the quarter 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

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.