Callan Family Office LLC Reduces Position in Mastercard Incorporated (NYSE:MA)

Key Points

• The Callan Family Office LLC has reduced its stake in Mastercard by 21.8%, now holding 13,163 shares valued at approximately $7.2 million.
• Mastercard reported a quarterly earnings per share of $4.15, exceeding analysts’ expectations, along with a revenue of $8.13 billion, a 16.8% increase year-over-year.
• Despite recent insider sales, analysts maintain a consensus rating of "Moderate Buy" for Mastercard, with an average price target of $615.33.

Callan Family Office LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,163 shares of the credit services provider's stock after selling 3,663 shares during the quarter. Callan Family Office LLC's holdings in Mastercard were worth $7,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock valued at $37,108,000 after buying an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $73,000. Trustco Bank Corp N Y purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $211,000. Finally, Trustmark National Bank Trust Department raised its stake in Mastercard by 50.5% in the 4th quarter. Trustmark National Bank Trust Department now owns 948 shares of the credit services provider's stock valued at $499,000 after purchasing an additional 318 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

NYSE:MA traded down $1.70 during mid-day trading on Friday, reaching $582.06. 2,263,560 shares of the stock were exchanged, compared to its average volume of 2,583,317. The company has a 50 day simple moving average of $563.30 and a 200-day simple moving average of $554.64. The stock has a market capitalization of $526.19 billion, a P/E ratio of 39.25, a P/E/G ratio of 2.39 and a beta of 1.03. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1 year low of $461.90 and a 1 year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same period last year, the firm earned $3.50 EPS. The firm's revenue for the quarter was up 16.8% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Wall Street Analyst Weigh In

Several research firms recently commented on MA. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. TD Cowen reissued a "buy" rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and an average target price of $617.93.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm'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 completion of the sale, the insider directly owned 12,921 shares of the company's stock, valued at $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. Insiders sold 38,453 shares of company stock valued at $20,178,667 over the last 90 days. 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.