Mastercard Incorporated (NYSE:MA) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,460 shares of the credit services provider's stock after selling 4,009 shares during the quarter. Mastercard accounts for approximately 0.8% of Chevy Chase Trust Holdings LLC's investment portfolio, making the stock its 18th biggest holding. Chevy Chase Trust Holdings LLC's holdings in Mastercard were worth $244,714,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of Mastercard by 11.8% during 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 acquiring an additional 7,452 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Mastercard by 2.3% during the fourth quarter. First Horizon Advisors Inc. now owns 5,256 shares of the credit services provider's stock valued at $2,768,000 after acquiring an additional 116 shares during the last quarter. MONECO Advisors LLC lifted its position in shares of Mastercard by 71.5% in the fourth quarter. MONECO Advisors LLC now owns 2,903 shares of the credit services provider's stock valued at $1,529,000 after acquiring an additional 1,210 shares in the last quarter. Finally, World Equity Group Inc. acquired a new stake in shares of Mastercard in the fourth quarter worth approximately $362,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.3%

Mastercard stock traded down $7.51 during midday trading on Wednesday, reaching $550.02. 2,889,115 shares of the stock traded hands, compared to its average volume of 2,659,323. The firm has a market cap of $501.46 billion, a PE ratio of 38.57, a price-to-earnings-growth ratio of 2.37 and a beta of 1.05. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a 50-day simple moving average of $561.13 and a two-hundred day simple moving average of $545.00. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion during 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 business's revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.31 earnings per share. Research analysts expect that Mastercard Incorporated will post 15.91 earnings per share 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 paid a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is 21.32%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 target price for the company. Citigroup raised their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Mastercard presently has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 14,051 shares of the company'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 sale, the insider now directly owns 58,451 shares in the company, valued at approximately $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the completion of the sale, the insider now directly owns 25,540 shares in the company, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,115 shares of company stock valued at $18,324,718. 0.09% of the stock is currently owned by company 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.