Mastercard Incorporated (NYSE:MA) Shares Sold by Picton Mahoney Asset Management

Key Points

• Picton Mahoney Asset Management reduced its stake in Mastercard by 10.9%, selling 4,443 shares, bringing its total holdings to 36,191 shares worth approximately $19.8 million.
• Insider selling activity has been noted, with insiders selling a total of 38,753 shares valued at about $20.3 million in the last ninety days.
• Mastercard recently reported better-than-expected earnings of $3.73 EPS for the quarter, surpassing analysts' estimates of $3.57, with revenue up 14.2% year-over-year.

Picton Mahoney Asset Management reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 10.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,191 shares of the credit services provider's stock after selling 4,443 shares during the period. Picton Mahoney Asset Management's holdings in Mastercard were worth $19,836,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MA. Whalerock Point Partners LLC lifted its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after acquiring an additional 185 shares during the last quarter. Fortis Advisors LLC lifted its holdings in shares of Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida boosted its position in Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after purchasing an additional 185 shares during the period. Kingswood Wealth Advisors LLC grew its stake in Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after buying an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC increased its position in Mastercard by 5.7% in the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the business's stock in a transaction that occurred 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 sale, the insider directly owned 25,540 shares of the company's stock, valued at $14,630,844.40. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction 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 transaction, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 in the last ninety days. Insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MA shares. Macquarie lowered 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. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 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 note on Tuesday, June 3rd. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Finally, Citigroup raised their target price on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Five analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and a consensus price target of $612.90.

Mastercard Trading Up 0.1%

Shares of NYSE:MA opened at $568.58 on Tuesday. Mastercard Incorporated has a 12-month low of $435.42 and a 12-month high of $594.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market capitalization of $518.38 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 2.46 and a beta of 1.02. The firm has a fifty day moving average of $565.27 and a two-hundred day moving average of $550.83.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.53%. Mastercard's dividend payout ratio is currently 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.

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