Mastercard Incorporated $MA Stock Position Decreased by Douglass Winthrop Advisors LLC

Key Points

• Douglass Winthrop Advisors LLC sold 7,978 shares of Mastercard, reducing its holdings by 2.1% to 379,489 shares, making Mastercard approximately 4.0% of its portfolio.
• Mastercard reported $4.15 earnings per share (EPS) for the recent quarter, surpassing expectations of $4.05, and had $8.13 billion in revenue, up 16.8% from the previous year.
• The company announced a quarterly dividend of $0.76 per share, yielding 0.5%, and insiders have sold a total of 56,269 shares worth approximately $30.6 million over the last 90 days.

Douglass Winthrop Advisors LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 379,489 shares of the credit services provider's stock after selling 7,978 shares during the period. Mastercard makes up approximately 4.0% of Douglass Winthrop Advisors LLC's investment portfolio, making the stock its 4th biggest holding. Douglass Winthrop Advisors LLC's holdings in Mastercard were worth $208,006,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sax Wealth Advisors LLC lifted its position in Mastercard by 121.4% during the 1st quarter. Sax Wealth Advisors LLC now owns 4,127 shares of the credit services provider's stock worth $2,262,000 after acquiring an additional 2,263 shares during the period. AlphaQuest LLC raised its stake in shares of Mastercard by 670.0% in the first quarter. AlphaQuest LLC now owns 4,189 shares of the credit services provider's stock worth $2,296,000 after purchasing an additional 3,645 shares during the last quarter. Van Hulzen Asset Management LLC lifted its holdings in shares of Mastercard by 7.1% during the first quarter. Van Hulzen Asset Management LLC now owns 393 shares of the credit services provider's stock worth $215,000 after purchasing an additional 26 shares during the period. Strategies Wealth Advisors LLC purchased a new stake in Mastercard in the first quarter valued at approximately $526,000. Finally, Titan Global Capital Management USA LLC boosted its position in Mastercard by 11.3% in the first quarter. Titan Global Capital Management USA LLC now owns 54,267 shares of the credit services provider's stock valued at $29,745,000 after buying an additional 5,518 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,269 shares of company stock valued at $30,634,699 in the last 90 days. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

MA has been the subject of a number of recent research reports. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. TD Cowen reissued a "buy" rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Truist Financial decreased their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Wall Street Zen upgraded Mastercard from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $617.93.

Mastercard Stock Performance

MA traded down $0.08 on Wednesday, reaching $591.53. The stock had a trading volume of 1,480,696 shares, compared to its average volume of 2,802,558. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The business's 50-day moving average price is $565.00 and its two-hundred day moving average price is $556.05. The company has a market cap of $534.75 billion, a P/E ratio of 39.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

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

Mastercard Dividend Announcement

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

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.