Mastercard Incorporated $MA Stock Position Decreased by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC lessened its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 49.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,416 shares of the credit services provider's stock after selling 29,744 shares during the period. Venture Visionary Partners LLC's holdings in Mastercard were worth $16,672,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Measured Risk Portfolios Inc. bought a new position in Mastercard during the fourth quarter worth $31,000. Keystone Global Partners LLC bought a new position in Mastercard during the first quarter worth $31,000. Navigoe LLC bought a new position in Mastercard during the fourth quarter worth $33,000. 10Elms LLP bought a new position in Mastercard during the fourth quarter worth $33,000. Finally, Hughes Financial Services LLC bought a new position in Mastercard during the first quarter worth $34,000. Institutional investors own 97.28% of the company's stock.

Insider Buying and Selling

In other news, insider Raj Seshadri sold 1,100 shares of the business's 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 sale, the insider 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction on 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 completion of the sale, the insider directly owned 58,451 shares in the company, valued at $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE:MA traded up $6.2280 on Friday, hitting $598.1480. The company's stock had a trading volume of 2,388,839 shares, compared to its average volume of 2,803,610. Mastercard Incorporated has a 12 month low of $461.90 and a 12 month high of $601.77. The company has a market capitalization of $540.73 billion, a price-to-earnings ratio of 40.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The stock's 50-day moving average is $563.30 and its two-hundred day moving average is $555.47. 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 (NYSE:MA - Get Free Report) last released its quarterly earnings results 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 company had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the prior year, the business posted $3.50 earnings per share. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MA. Wells Fargo & Company raised their price objective on Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. TD Cowen reiterated a "buy" rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Truist Financial cut their target price on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average 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.