Mastercard Incorporated (NYSE:MA) Holdings Cut by Ownership Capital B.V.

Ownership Capital B.V. lessened its position in Mastercard Incorporated (NYSE:MA - Free Report) by 15.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,918 shares of the credit services provider's stock after selling 67,252 shares during the period. Mastercard accounts for about 9.1% of Ownership Capital B.V.'s portfolio, making the stock its biggest holding. Ownership Capital B.V.'s holdings in Mastercard were worth $198,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Callahan Advisors LLC grew its position in shares of Mastercard by 4.1% in the 1st quarter. Callahan Advisors LLC now owns 26,307 shares of the credit services provider's stock valued at $14,419,000 after buying an additional 1,030 shares during the last quarter. Diversify Wealth Management LLC boosted its position in shares of Mastercard by 3.7% during the 1st quarter. Diversify Wealth Management LLC now owns 10,842 shares of the credit services provider's stock valued at $5,851,000 after purchasing an additional 389 shares in the last quarter. Fidelis Capital Partners LLC boosted its position in shares of Mastercard by 1.1% during the 1st quarter. Fidelis Capital Partners LLC now owns 6,251 shares of the credit services provider's stock valued at $3,335,000 after purchasing an additional 66 shares in the last quarter. Genus Capital Management Inc. boosted its position in shares of Mastercard by 200.0% during the 1st quarter. Genus Capital Management Inc. now owns 565 shares of the credit services provider's stock valued at $310,000 after purchasing an additional 1,130 shares in the last quarter. Finally, MJP Associates Inc. ADV boosted its position in shares of Mastercard by 7.4% during the 1st quarter. MJP Associates Inc. ADV now owns 2,209 shares of the credit services provider's stock valued at $1,211,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on MA. The Goldman Sachs Group restated a "buy" rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. KeyCorp upped their target price on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price target on the stock. Finally, Macquarie lowered their price objective on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Price Performance

NYSE MA traded down $13.48 during trading hours on Friday, reaching $550.04. 3,221,317 shares of the stock traded hands, compared to its average volume of 2,666,716. The stock has a 50 day simple moving average of $568.42 and a two-hundred day simple moving average of $547.76. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. 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.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share 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 business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the business posted $3.31 earnings per share. The company's revenue for the quarter was up 14.2% on a year-over-year basis. On average, analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,753 shares of company stock worth $20,351,084. Company insiders own 0.09% of the company's stock.

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.