Duncker Streett & Co. Inc. Sells 966 Shares of Mastercard Incorporated (NYSE:MA)

Duncker Streett & Co. Inc. cut its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 32,482 shares of the credit services provider's stock after selling 966 shares during the quarter. Mastercard accounts for 3.5% of Duncker Streett & Co. Inc.'s portfolio, making the stock its 2nd largest position. Duncker Streett & Co. Inc.'s holdings in Mastercard were worth $17,804,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. NewSquare Capital LLC acquired a new position in shares of Mastercard in the 4th quarter worth $26,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the fourth quarter worth $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the fourth quarter worth $32,000. Marshall Investment Management LLC acquired a new stake in shares of Mastercard in the fourth quarter worth $30,000. Finally, 10Elms LLP acquired a new stake in shares of Mastercard in the fourth quarter worth $33,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Craig Vosburg sold 9,428 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total value of $5,545,361.04. Following the transaction, the insider now directly owns 58,451 shares in the company, valued at $34,379,709.18. This trade represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares in the company, valued at $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,383 shares of company stock valued at $19,035,108 over the last 90 days. 0.09% of the stock is owned by company insiders.

Mastercard Price Performance

MA stock traded down $2.99 during midday trading on Thursday, reaching $546.71. 3,764,036 shares of the company's stock traded hands, compared to its average volume of 2,665,094. The company has a 50-day simple moving average of $562.44 and a two-hundred day simple moving average of $545.20. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a market cap of $498.44 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.40 and a beta of 1.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period last year, the firm posted $3.31 EPS. The business's revenue was up 14.2% on a year-over-year basis. On average, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio (DPR) is presently 21.32%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MA. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. UBS Group boosted their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. KeyCorp boosted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Finally, Citigroup boosted their price objective on Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $611.50.

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.