Mastercard Incorporated (NYSE:MA) Shares Sold by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 20.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,306 shares of the credit services provider's stock after selling 610 shares during the period. Burns Matteson Capital Management LLC's holdings in Mastercard were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Measured Risk Portfolios Inc. purchased a new position in shares of Mastercard in the fourth quarter valued at about $31,000. 10Elms LLP purchased a new position in shares of Mastercard during the fourth quarter valued at about $33,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard during the first quarter valued at about $34,000. Navigoe LLC purchased a new position in shares of Mastercard during the fourth quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Mastercard during the fourth quarter valued at about $36,000. 97.28% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock valued at $20,351,084 over the last three months. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. KeyCorp upped their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and set a $650.00 price target on shares of Mastercard in a report on Tuesday. Six research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of "Moderate Buy" and an average target price of $612.90.

Mastercard Stock Performance

Shares of NYSE:MA traded down $3.09 during midday trading on Friday, reaching $552.52. The company's stock had a trading volume of 2,579,579 shares, compared to its average volume of 2,666,093. The stock has a fifty day moving average of $567.61 and a 200 day moving average of $548.26. 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 twelve month low of $428.86 and a twelve month high of $594.71. The firm has a market capitalization of $503.74 billion, a PE ratio of 38.75, a P/E/G ratio of 2.41 and a beta of 1.02.

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, beating the consensus estimate 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%. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.31 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company 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 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 dividend payout ratio (DPR) is presently 21.32%.

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.