Gallacher Capital Management LLC Has $332,000 Stock Holdings in Mastercard Incorporated (NYSE:MA)

Gallacher Capital Management LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 54.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 606 shares of the credit services provider's stock after selling 736 shares during the quarter. Gallacher Capital Management LLC's holdings in Mastercard were worth $332,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard in the fourth quarter valued at $31,000. 10Elms LLP purchased a new stake in shares of Mastercard in the fourth quarter valued at $33,000. Hughes Financial Services LLC purchased a new stake in shares of Mastercard in the first quarter valued at $34,000. Navigoe LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at $36,000. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, 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 sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents a 7.85% 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, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total value of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares in the company, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of research analyst reports. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Citigroup increased their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price objective for the company. Finally, Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $612.90.

Mastercard Stock Performance

Shares of NYSE:MA traded up $2.83 during midday trading on Friday, hitting $566.33. The company's stock had a trading volume of 513,025 shares, compared to its average volume of 2,815,652. The stock has a market capitalization of $516.33 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 2.44 and a beta of 1.02. The stock's 50 day simple moving average is $565.90 and its 200 day simple moving average is $549.52. Mastercard Incorporated has a fifty-two week low of $432.11 and a fifty-two 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.

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

Mastercard Dividend Announcement

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

Mastercard Company 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.