AMI Asset Management Corp Has $43.97 Million Holdings in Mastercard Incorporated (NYSE:MA)

AMI Asset Management Corp cut its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 1.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 80,226 shares of the credit services provider's stock after selling 1,578 shares during the period. Mastercard comprises approximately 2.6% of AMI Asset Management Corp's holdings, making the stock its 16th largest position. AMI Asset Management Corp's holdings in Mastercard were worth $43,973,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Whalerock Point Partners LLC grew its position in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after acquiring an additional 185 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after purchasing an additional 1,194 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after acquiring an additional 1,047 shares in the last quarter. Baldwin Investment Management LLC boosted its position in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after acquiring an additional 93 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Mastercard during the 4th quarter valued at about $6,022,224,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the completion of the sale, the insider now owns 58,451 shares of the company's stock, valued at $34,379,709.18. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the company's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider now directly owns 3,255 shares of the company's stock, valued at $1,887,900. This represents a 4.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,115 shares of company stock valued at $18,324,718 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Price Performance

Shares of MA opened at $550.02 on Thursday. The firm has a market capitalization of $501.46 billion, a PE ratio of 38.57, a PEG ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company's 50-day moving average is $561.86 and its 200-day moving average is $545.04. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71.

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 the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period last year, the business posted $3.31 earnings per share. The business's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company 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 annualized dividend and a yield of 0.55%. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MA. Truist Financial began coverage on shares of Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. The Goldman Sachs Group restated a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Finally, Macquarie decreased their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $610.00.

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.

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