Heritage Investors Management Corp Has $73.12 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Heritage Investors Management Corp trimmed its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 133,400 shares of the credit services provider's stock after selling 2,145 shares during the period. Mastercard accounts for approximately 2.5% of Heritage Investors Management Corp's portfolio, making the stock its 5th largest position. Heritage Investors Management Corp's holdings in Mastercard were worth $73,119,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Whalerock Point Partners LLC raised its holdings in Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after purchasing an additional 185 shares in the last quarter. Fortis Advisors LLC increased its position in Mastercard by 9.4% during 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 period. Canandaigua National Trust Co of Florida raised its stake in shares of 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 worth $380,000 after buying an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Mastercard by 18.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock valued at $3,766,000 after buying an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC boosted its stake in shares of Mastercard by 5.7% in the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after buying an additional 93 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Activity at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This represents a 3.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 over the last three months. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a report on Friday. Monness Crespi & Hardt cut shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. The Goldman Sachs Group reissued a "buy" rating and set a $633.00 price target on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They set a "buy" rating and a $650.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $612.90.

Mastercard Stock Up 0.6%

Shares of NYSE MA traded up $3.57 during trading on Tuesday, reaching $558.22. 1,251,032 shares of the stock were exchanged, compared to its average volume of 2,658,339. The company has a market capitalization of $508.94 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 2.40 and a beta of 1.02. The business's 50-day moving average price is $567.30 and its 200 day moving average price is $548.77. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a twelve month low of $428.86 and a twelve month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 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 firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the business posted $3.31 EPS. The firm's revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts forecast 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. Shareholders of record on Wednesday, July 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is 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.