Flossbach Von Storch SE Sells 91,510 Shares of Mastercard Incorporated (NYSE:MA)

Flossbach Von Storch SE lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 609,389 shares of the credit services provider's stock after selling 91,510 shares during the period. Mastercard comprises about 1.4% of Flossbach Von Storch SE's holdings, making the stock its 23rd largest holding. Flossbach Von Storch SE owned approximately 0.07% of Mastercard worth $334,018,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MA. Founders Financial Alliance LLC grew its position in Mastercard by 2.9% during the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after purchasing an additional 19 shares during the last quarter. BlackDiamond Wealth Management LLC lifted its holdings in shares of Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC lifted its holdings in shares of Mastercard by 2.6% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after purchasing an additional 19 shares in the last quarter. Strategy Asset Managers LLC raised its position in shares of Mastercard by 2.1% in the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after buying an additional 19 shares during the last quarter. Finally, Phillips Wealth Planners LLC raised its position in shares of Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after buying an additional 19 shares during the last quarter. Institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MA shares. Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective on the stock. Macquarie reduced their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. UBS Group lifted their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Stock Down 0.4%

Shares of NYSE:MA opened at $562.77 on Wednesday. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. 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's fifty day moving average is $567.91 and its 200-day moving average is $547.21. The company has a market capitalization of $513.08 billion, a PE ratio of 39.46, a P/E/G ratio of 2.46 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results 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. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the company earned $3.31 EPS. The firm's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company's stock in a transaction dated 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 trade represents a 3.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock worth $20,351,084 in the last 90 days. Corporate 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.

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