Mastercard Incorporated (NYSE:MA) Shares Sold by Lbp Am Sa

LBP AM SA trimmed its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 306,281 shares of the credit services provider's stock after selling 14,596 shares during the period. Mastercard comprises 2.6% of LBP AM SA's investment portfolio, making the stock its 7th biggest holding. LBP AM SA's holdings in Mastercard were worth $167,879,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Founders Financial Alliance LLC lifted its position in shares of Mastercard by 2.9% in the 4th quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after acquiring an additional 19 shares during the period. BlackDiamond Wealth Management LLC raised its stake in shares of Mastercard by 2.3% in the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock valued at $445,000 after purchasing an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC raised its stake in shares of Mastercard by 2.6% in the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock valued at $388,000 after purchasing an additional 19 shares in the last quarter. Strategy Asset Managers LLC lifted its position in Mastercard by 2.1% in the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock worth $480,000 after purchasing an additional 19 shares during the period. Finally, Phillips Wealth Planners LLC boosted its stake in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MA. 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 Mastercard in a research note on Monday, June 23rd. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price objective on shares of Mastercard in a report on Wednesday, April 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Evercore ISI assumed coverage on shares of Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 target price for the company. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $611.50.

Mastercard Trading Down 0.1%

Mastercard stock traded down $0.38 during mid-day trading on Thursday, hitting $564.73. The stock had a trading volume of 1,002,572 shares, compared to its average volume of 2,671,838. The stock has a market capitalization of $514.87 billion, a PE ratio of 39.59, a P/E/G ratio of 2.44 and a beta of 1.02. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month 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 stock has a 50-day simple moving average of $568.25 and a two-hundred day simple moving average of $547.33.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (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 company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. The company's revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.31 EPS. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. 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 dividend payout ratio is presently 21.32%.

Insider Buying and Selling at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. This trade represents 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 have sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by insiders.

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.