Matthew 25 Management Corp Sells 1,000 Shares of Mastercard Incorporated $MA

Key Points

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Matthew 25 Management Corp lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,500 shares of the credit services provider's stock after selling 1,000 shares during the quarter. Mastercard accounts for 1.1% of Matthew 25 Management Corp's investment portfolio, making the stock its 17th largest holding. Matthew 25 Management Corp's holdings in Mastercard were worth $3,015,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank OZK grew its stake in Mastercard by 4.9% in the 1st quarter. Bank OZK now owns 10,039 shares of the credit services provider's stock valued at $5,503,000 after acquiring an additional 465 shares during the last quarter. Financial Advisors Network Inc. boosted its position in shares of Mastercard by 4.7% in the first quarter. Financial Advisors Network Inc. now owns 913 shares of the credit services provider's stock worth $500,000 after acquiring an additional 41 shares during the last quarter. Giverny Capital Inc. boosted its position in shares of Mastercard by 2.9% in the first quarter. Giverny Capital Inc. now owns 27,043 shares of the credit services provider's stock worth $14,823,000 after acquiring an additional 768 shares during the last quarter. Quantbot Technologies LP purchased a new position in Mastercard in the first quarter valued at approximately $2,367,000. Finally, Wellington Management Group LLP raised its holdings in Mastercard by 38.6% in the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after buying an additional 3,765,378 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were 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 of the company's stock, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,269 shares of company stock worth $30,634,699. Corporate insiders own 0.09% of the company's stock.

Mastercard Price Performance

Mastercard stock traded up $6.2280 during mid-day trading on Friday, hitting $598.1480. 2,388,839 shares of the company were exchanged, compared to its average volume of 2,623,511. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a fifty day moving average of $564.03 and a 200 day moving average of $555.73. Mastercard Incorporated has a 1-year low of $461.90 and a 1-year high of $601.77. The company has a market capitalization of $540.73 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company posted $3.50 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is currently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of analyst reports. Truist Financial dropped their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. KeyCorp upped their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company upped their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $617.93.

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.