Groupama Asset Managment Cuts Holdings in Mastercard Incorporated $MA

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Groupama Asset Managment cut its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,927 shares of the credit services provider's stock after selling 1,345 shares during the period. Groupama Asset Managment's holdings in Mastercard were worth $8,610,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Accredited Investors Inc. raised its stake in shares of Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock worth $394,000 after buying an additional 18 shares in the last quarter. Wealthstream Advisors Inc. raised its stake in shares of Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after buying an additional 18 shares in the last quarter. Phillips Wealth Planners LLC raised its stake in shares of Mastercard by 1.8% during the 1st 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 in the last quarter. Alta Wealth Advisors LLC raised its stake in shares of Mastercard by 3.6% during the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after buying an additional 19 shares in the last quarter. Finally, May Hill Capital LLC raised its stake in shares of Mastercard by 2.0% during the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE:MA traded up $6.2280 during trading hours on Friday, reaching $598.1480. 2,388,839 shares of the company traded hands, compared to its average volume of 2,623,511. Mastercard Incorporated has a 1-year low of $461.90 and a 1-year high of $601.77. The firm's 50-day moving average is $564.03 and its 200-day moving average is $555.73. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $540.73 billion, a P/E ratio of 40.33, a P/E/G ratio of 2.43 and a beta of 1.03.

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

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders 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 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is 20.50%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 target price for the company. Morgan Stanley increased their target price on Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Truist Financial dropped their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, KeyCorp raised their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $617.93.

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of the stock in a transaction on Friday, June 27th. The stock was 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. This trade represents a 7.85% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 56,269 shares of company stock valued at $30,634,699. 0.09% of the stock is currently owned by insiders.

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.