Mayar Capital Ltd. Has $1.94 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Mayar Capital Ltd. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 67.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,542 shares of the credit services provider's stock after selling 7,200 shares during the period. Mastercard accounts for 3.4% of Mayar Capital Ltd.'s portfolio, making the stock its 9th largest position. Mayar Capital Ltd.'s holdings in Mastercard were worth $1,941,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MA. Brighton Jones LLC raised its position in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock worth $3,594,000 after acquiring an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG increased its position in Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of Mastercard by 51.6% in the 4th quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider's stock valued at $1,555,000 after purchasing an additional 1,006 shares during the last quarter. Mascagni Wealth Management Inc. bought a new position in Mastercard during the fourth quarter valued at $73,000. Finally, Trustco Bank Corp N Y bought a new stake in Mastercard in the fourth quarter worth about $211,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

MA stock traded up $0.21 on Thursday, hitting $555.73. The company's stock had a trading volume of 2,721,925 shares, compared to its average volume of 2,667,469. The firm has a 50 day moving average of $567.85 and a two-hundred day moving average of $548.05. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock has a market cap of $506.66 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the business posted $3.31 earnings per share. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard's dividend payout ratio is presently 21.32%.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider owned 25,540 shares in the company, valued at approximately $14,630,844.40. The trade was a 3.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on MA shares. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Royal Bank Of Canada reissued an "outperform" rating and issued a $650.00 price target on shares of Mastercard in a report on Tuesday. Truist Financial lowered their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday. Macquarie reduced their price target on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, KeyCorp boosted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $612.90.

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.