Peregrine Capital Management LLC Sells 3,858 Shares of Mastercard Incorporated (NYSE:MA)

Peregrine Capital Management LLC cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,155 shares of the credit services provider's stock after selling 3,858 shares during the period. Mastercard makes up 1.9% of Peregrine Capital Management LLC's portfolio, making the stock its 10th largest position. Peregrine Capital Management LLC's holdings in Mastercard were worth $57,638,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. NewSquare Capital LLC bought a new stake in shares of Mastercard during the 4th quarter valued at $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard during the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard in the fourth quarter worth about $32,000. 10Elms LLP purchased a new position in Mastercard during the fourth quarter valued at approximately $33,000. Finally, Navigoe LLC bought a new position in shares of Mastercard in the fourth quarter worth about $33,000. Institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on MA shares. Macquarie decreased their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Finally, Citigroup increased their target price on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $611.50.

Insider Buying and Selling at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction on Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

NYSE MA traded up $2.95 during trading hours on Tuesday, reaching $564.89. The stock had a trading volume of 3,826,987 shares, compared to its average volume of 2,673,697. Mastercard Incorporated has a 52-week low of $428.86 and a 52-week high of $594.71. The stock has a fifty day moving average of $564.18 and a 200 day moving average of $545.76. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $515.02 billion, a P/E ratio of 39.61, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business's revenue for the quarter was up 14.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.31 EPS. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is presently 21.32%.

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.