Mastercard Incorporated (NYSE:MA) Shares Sold by Conning Inc.

Conning Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,872 shares of the credit services provider's stock after selling 1,884 shares during the period. Conning Inc.'s holdings in Mastercard were worth $7,055,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NewSquare Capital LLC purchased a new stake in Mastercard in the 4th quarter worth approximately $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard during the 4th quarter valued at $31,000. Navigoe LLC bought a new position in shares of Mastercard during the 4th quarter valued at $33,000. 10Elms LLP bought a new position in shares of Mastercard during the 4th quarter valued at $33,000. Finally, Truvestments Capital LLC grew its holdings in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 25 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial assumed coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price target for the company. UBS Group lifted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $611.50.

Mastercard Stock Up 0.9%

MA traded up $5.01 on Friday, reaching $566.53. The company's stock had a trading volume of 1,528,739 shares, compared to its average volume of 2,668,807. The stock has a 50 day moving average of $566.17 and a two-hundred day moving average of $546.25. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The company has a market capitalization of $516.51 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week 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 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company earned $3.31 earnings per share. The company's revenue was up 14.2% compared to the same quarter last year. As a group, analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is 21.32%.

Insider Transactions at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was 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 in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is owned by company insiders.

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.