Mastercard Incorporated $MA Shares Sold by Cim LLC

Key Points

• Cim LLC reduced its stake in Mastercard by 1.9% in the first quarter, holding 38,820 shares valued at approximately $21.28 million.
• Mastercard's quarterly earnings exceeded analysts' expectations, reporting $4.15 EPS on revenue of $8.13 billion, a 16.8% year-over-year increase.
• Analysts maintain a consensus rating of "Moderate Buy" for Mastercard, with price targets ranging from $612 to $660.

Cim LLC lessened its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,820 shares of the credit services provider's stock after selling 757 shares during the quarter. Mastercard comprises approximately 3.2% of Cim LLC's investment portfolio, making the stock its 9th biggest holding. Cim LLC's holdings in Mastercard were worth $21,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the 1st quarter valued at about $31,000. 10Elms LLP acquired a new stake in Mastercard in the 4th quarter valued at about $33,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Mastercard in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Truist Financial lowered their price target 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. TD Cowen reiterated a "buy" rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. KeyCorp lifted their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company lifted their price target on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $626.54.

Insider Activity

In related news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 49,094 shares of company stock valued at $26,521,861. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Up 1.7%

Shares of NYSE MA opened at $589.12 on Friday. The stock has a market cap of $532.57 billion, a P/E ratio of 39.72, a P/E/G ratio of 2.37 and a beta of 0.99. The firm has a 50 day moving average price of $574.32 and a 200 day moving average price of $558.24. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business's revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued 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 payout ratio is currently 20.50%.

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.

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