Blackhawk Capital Partners LLC. Sells 2,630 Shares of Mastercard Incorporated (NYSE:MA)

Blackhawk Capital Partners LLC. lowered its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 81.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 597 shares of the credit services provider's stock after selling 2,630 shares during the quarter. Blackhawk Capital Partners LLC.'s holdings in Mastercard were worth $327,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in Mastercard in the fourth quarter worth about $31,000. 10Elms LLP bought a new stake in Mastercard in the fourth quarter worth about $33,000. Navigoe LLC bought a new stake in Mastercard in the fourth quarter worth about $33,000. Truvestments Capital LLC raised its position in Mastercard by 62.5% in the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock worth $34,000 after acquiring an additional 25 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Mastercard during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Truist Financial assumed coverage on Mastercard in a report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective on the stock. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Macquarie lowered their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Stock Performance

MA stock traded down $13.48 on Friday, reaching $550.04. 3,221,317 shares of the company were exchanged, compared to its average volume of 2,666,632. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The stock's fifty day moving average price is $568.42 and its 200 day moving average price is $547.67. The firm has a market capitalization of $501.48 billion, a PE ratio of 38.57, a PEG ratio of 2.45 and a beta of 1.02. 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 announced its earnings results 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. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.31 earnings per share. On average, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. The trade was a 3.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,753 shares of company stock worth $20,351,084. Corporate insiders own 0.09% of the company's stock.

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.