Mastercard Incorporated (NYSE:MA) Stock Position Lessened by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,639 shares of the credit services provider's stock after selling 916 shares during the quarter. Mastercard accounts for approximately 1.1% of Fort Sheridan Advisors LLC's holdings, making the stock its 21st largest position. Fort Sheridan Advisors LLC's holdings in Mastercard were worth $7,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackDiamond Wealth Management LLC grew its holdings in shares of 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 buying an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC grew its holdings in shares of Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after buying an additional 19 shares in the last quarter. Strategy Asset Managers LLC grew its holdings in shares of Mastercard by 2.1% during the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock worth $480,000 after buying an additional 19 shares in the last quarter. Phillips Wealth Planners LLC grew its holdings in shares of Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock worth $538,000 after buying an additional 19 shares in the last quarter. Finally, Alta Wealth Advisors LLC grew its holdings in shares of Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock worth $296,000 after buying an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Raj Seshadri sold 1,100 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value 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 have sold a total of 38,753 shares of company stock worth $20,351,084 in the last ninety days. 0.09% of the stock is currently owned by company insiders.

Mastercard Price Performance

Shares of NYSE MA opened at $550.04 on Friday. The firm has a market cap of $501.48 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.45 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 Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The business's 50 day moving average is $568.42 and its 200-day moving average is $547.67.

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 for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm's quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.31 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MA shares. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Evercore ISI assumed coverage on Mastercard in a research report on Wednesday, April 9th. They set an "in-line" rating and a $550.00 price target for the company. Citigroup increased their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $611.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.