Mastercard Incorporated (NYSE:MA) Shares Sold by Everett Harris & Co. CA

Key Points

• Everett Harris & Co. CA has reduced its holdings in Mastercard by 1.5%, now owning 45,939 shares valued at approximately $25.18 million.
• During the latest quarterly earnings, Mastercard reported an EPS of $4.15, exceeding analyst expectations of $4.05, with a revenue increase of 16.8% year-over-year.
• The company announced a quarterly dividend of $0.76, reflecting an annualized payout of $3.04 and a yield of 0.5%.

Everett Harris & Co. CA trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,939 shares of the credit services provider's stock after selling 696 shares during the quarter. Everett Harris & Co. CA's holdings in Mastercard were worth $25,180,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Whalerock Point Partners LLC raised its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after purchasing an additional 185 shares in the last quarter. Fortis Advisors LLC increased its holdings in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after acquiring an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida increased its holdings in shares of Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after acquiring an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in shares of Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Baldwin Investment Management LLC increased its holdings in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after acquiring an additional 93 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MA has been the subject of several analyst reports. KeyCorp raised their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Citigroup increased their price objective on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Five analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and a consensus target price of $615.33.

Mastercard Stock Performance

Shares of MA traded up $13.20 during mid-day trading on Friday, reaching $574.42. The company had a trading volume of 2,907,568 shares, compared to its average volume of 2,618,541. Mastercard Incorporated has a 52-week low of $453.46 and a 52-week high of $594.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $523.70 billion, a P/E ratio of 38.73, a PEG ratio of 2.36 and a beta of 1.03. The stock has a 50 day moving average of $563.90 and a two-hundred day moving average of $553.43.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS 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 firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the business earned $3.50 earnings per share. The company's revenue was up 16.8% compared to the same quarter last year. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Insiders Place Their Bets

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider owned 25,540 shares in the company, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the 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 transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,603 shares of company stock worth $20,265,667. Company insiders own 0.09% of the company's stock.

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.