HM Payson & Co. Has $135.42 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

HM Payson & Co. raised its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,060 shares of the credit services provider's stock after acquiring an additional 929 shares during the quarter. Mastercard comprises 2.4% of HM Payson & Co.'s investment portfolio, making the stock its 9th biggest holding. HM Payson & Co.'s holdings in Mastercard were worth $135,418,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Mastercard by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after acquiring an additional 377,302 shares in the last quarter. FMR LLC lifted its position in Mastercard by 4.3% in the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after acquiring an additional 912,856 shares in the last quarter. Geode Capital Management LLC lifted its position in Mastercard by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider's stock valued at $9,800,202,000 after acquiring an additional 282,739 shares in the last quarter. Norges Bank bought a new position in Mastercard in the 4th quarter valued at about $6,022,224,000. Finally, Wellington Management Group LLP lifted its position in Mastercard by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider's stock valued at $5,139,713,000 after acquiring an additional 817,836 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the transaction, the insider directly owned 25,540 shares of the company's stock, valued at $14,630,844.40. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE:MA traded up $5.01 during mid-day trading on Friday, reaching $566.53. The company had a trading volume of 1,528,739 shares, compared to its average volume of 2,670,606. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market cap of $516.51 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.47 and a beta of 1.02. The company's 50-day moving average price is $566.83 and its 200-day moving average price is $546.68. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71.

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

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MA. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. UBS Group raised their price target on shares of Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. Finally, Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective for the company. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

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.