Bryn Mawr Capital Management LLC Trims Stake in Mastercard Incorporated (NYSE:MA)

Bryn Mawr Capital Management LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 21.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,838 shares of the credit services provider's stock after selling 2,906 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Mastercard were worth $5,940,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MA. Measured Risk Portfolios Inc. acquired a new stake in Mastercard in the 4th quarter valued at $31,000. 10Elms LLP bought a new stake in Mastercard during the 4th quarter valued at $33,000. Hughes Financial Services LLC acquired a new position in Mastercard during the first quarter worth $34,000. Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter valued at $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Mastercard during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective for the company. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Evercore ISI began coverage on Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Stock Performance

Shares of NYSE MA traded up $4.80 during midday trading on Wednesday, hitting $555.16. The company's stock had a trading volume of 2,424,177 shares, compared to its average volume of 2,667,251. The stock has a fifty day moving average price of $567.85 and a 200 day moving average price of $548.05. The firm has a market capitalization of $506.14 billion, a price-to-earnings ratio of 38.93, a P/E/G ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.31 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 is currently 21.32%.

Insider Buying and Selling

In other news, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Craig Vosburg sold 14,051 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares of the company's stock, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock worth $20,351,084 over the last quarter. 0.09% of the stock is owned by corporate insiders.

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.