Mastercard Incorporated (NYSE:MA) Shares Sold by Concord Asset Management LLC VA

Concord Asset Management LLC VA lowered its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,954 shares of the credit services provider's stock after selling 556 shares during the quarter. Concord Asset Management LLC VA's holdings in Mastercard were worth $2,626,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC increased its holdings in shares of Mastercard by 82.4% during the first quarter. Larson Financial Group LLC now owns 4,086 shares of the credit services provider's stock valued at $2,240,000 after acquiring an additional 1,846 shares in the last quarter. Violich Capital Management Inc. increased its holdings in Mastercard by 2.5% in the 1st quarter. Violich Capital Management Inc. now owns 9,271 shares of the credit services provider's stock worth $5,082,000 after buying an additional 228 shares during the period. Sage Mountain Advisors LLC increased its holdings in Mastercard by 0.6% in the 1st quarter. Sage Mountain Advisors LLC now owns 5,141 shares of the credit services provider's stock worth $2,818,000 after buying an additional 32 shares during the period. PAX Financial Group LLC increased its holdings in Mastercard by 16.2% in the 1st quarter. PAX Financial Group LLC now owns 2,629 shares of the credit services provider's stock worth $1,441,000 after buying an additional 367 shares during the period. Finally, Wealthfront Advisers LLC increased its holdings in Mastercard by 4.2% in the 1st quarter. Wealthfront Advisers LLC now owns 97,226 shares of the credit services provider's stock worth $53,292,000 after buying an additional 3,925 shares during the period. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider owned 25,540 shares in the company, valued at $14,630,844.40. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,753 shares of company stock worth $20,351,084. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday. They issued a "buy" rating and a $650.00 price target on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $650.00 price target on shares of Mastercard in a report on Tuesday. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, UBS Group upped their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Six 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $612.90.

Mastercard Price Performance

Shares of NYSE:MA traded down $3.92 during midday trading on Friday, reaching $551.69. 1,595,991 shares of the company's stock traded hands, compared to its average volume of 2,662,548. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a market cap of $502.98 billion, a P/E ratio of 38.73, a PEG ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day simple moving average of $567.61 and a two-hundred day simple moving average of $548.26.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.31 EPS. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard's payout ratio is currently 21.32%.

Mastercard 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.