Mastercard Incorporated (NYSE:MA) Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. cut its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 394,500 shares of the credit services provider's stock after selling 9,187 shares during the quarter. Mastercard makes up 3.1% of Bridges Investment Management Inc.'s portfolio, making the stock its 7th largest holding. Bridges Investment Management Inc.'s holdings in Mastercard were worth $216,233,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider's stock valued at $40,640,219,000 after buying an additional 377,302 shares in the last quarter. FMR LLC increased its stake in shares of Mastercard by 4.3% in the fourth quarter. FMR LLC now owns 22,267,937 shares of the credit services provider's stock valued at $11,725,627,000 after buying an additional 912,856 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mastercard by 1.5% in the fourth 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 buying an additional 282,739 shares in the last quarter. Norges Bank acquired a new stake in shares of Mastercard in the fourth quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP increased its stake in shares of Mastercard by 9.1% in the fourth 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 buying an additional 817,836 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MA. Monness Crespi & Hardt lowered Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. 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. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Truist Financial began coverage on Mastercard in a research report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective for the company. Finally, Evercore ISI began coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Seven equities research 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's stock. Based on data from MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

Mastercard Stock Down 2.4%

Shares of NYSE:MA traded down $13.48 during trading on Friday, hitting $550.04. 3,221,317 shares of the company's stock traded hands, compared to its average volume of 2,666,716. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. 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 company has a market cap of $501.48 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company has a 50-day moving average price of $568.42 and a 200-day moving average price of $547.76.

Mastercard (NYSE:MA - Get Free Report) last released its 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. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.31 EPS. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of the company's stock in a transaction that occurred 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 sale, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by insiders.

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.