Mastercard Incorporated (NYSE:MA) Stake Decreased by Diversified Trust Co

Diversified Trust Co trimmed its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 17.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,421 shares of the credit services provider's stock after selling 5,080 shares during the quarter. Diversified Trust Co's holdings in Mastercard were worth $12,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Richard W. Paul & Associates LLC lifted its position in Mastercard by 0.9% during the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock worth $1,182,000 after buying an additional 19 shares in the last quarter. Founders Financial Alliance LLC increased its position in shares of Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after acquiring an additional 19 shares during the last quarter. BlackDiamond Wealth Management LLC raised its holdings in Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after acquiring an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC boosted its position in Mastercard by 2.6% during 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 during the last quarter. Finally, Strategy Asset Managers LLC boosted its position in Mastercard by 2.1% during the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MA. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wall Street Zen cut shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Macquarie lowered their price objective 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. Seven investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $611.50.

Mastercard Stock Down 0.5%

MA opened at $546.71 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. 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 company has a market capitalization of $498.44 billion, a P/E ratio of 38.34, a P/E/G ratio of 2.40 and a beta of 1.05. The stock has a fifty day moving average of $562.44 and a 200-day moving average of $545.20.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly 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. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the prior year, the company posted $3.31 earnings per share. Mastercard's revenue was up 14.2% compared to the same quarter last year. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current 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 issued 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 0.56%. Mastercard's dividend payout ratio is presently 21.32%.

Insider Activity

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the sale, the insider now directly owns 58,451 shares in the company, valued at $34,196,757.55. This represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sandra A. Arkell sold 150 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the transaction, the insider now owns 3,255 shares of the company's stock, valued at $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,383 shares of company stock worth $19,035,108. Corporate insiders own 0.09% of the company's stock.

Mastercard 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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