Mastercard Incorporated (NYSE:MA) Stock Position Decreased by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. lessened its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,379 shares of the credit services provider's stock after selling 1,896 shares during the period. Mastercard makes up 1.6% of Gibraltar Capital Management Inc.'s portfolio, making the stock its 18th biggest position. Gibraltar Capital Management Inc.'s holdings in Mastercard were worth $7,334,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Founders Financial Alliance LLC boosted its position in shares of Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after buying an additional 19 shares during the period. BlackDiamond Wealth Management LLC boosted its position 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 worth $445,000 after buying an additional 19 shares during the period. Fi3 FINANCIAL ADVISORS LLC boosted its position 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 worth $388,000 after buying an additional 19 shares during the period. Strategy Asset Managers LLC boosted 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 worth $480,000 after buying an additional 19 shares during the period. Finally, Phillips Wealth Planners LLC boosted 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 worth $538,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

MA stock traded up $1.19 on Wednesday, reaching $562.87. The company's stock had a trading volume of 1,170,039 shares, compared to its average volume of 2,856,765. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a market capitalization of $513.17 billion, a P/E ratio of 39.44, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. The firm has a fifty day moving average of $567.91 and a two-hundred day moving average of $547.21. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

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

Mastercard Dividend Announcement

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

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Evercore ISI initiated coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target for the company. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, KeyCorp increased their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $611.50.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 25,540 shares of the company's stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company's stock, 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. In the last 90 days, insiders sold 38,753 shares of company stock valued at $20,351,084. Company insiders own 0.09% of the company's stock.

About Mastercard

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.