Migdal Insurance & Financial Holdings Ltd. Has $21.11 Million Holdings in Mastercard Incorporated (NYSE:MA)

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 70.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,512 shares of the credit services provider's stock after selling 90,492 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in Mastercard were worth $21,109,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alexander Labrunerie & CO. Inc. acquired a new position in Mastercard in the first quarter valued at about $206,000. Burling Wealth Partners LLC lifted its stake in Mastercard by 2.4% in the first quarter. Burling Wealth Partners LLC now owns 16,564 shares of the credit services provider's stock valued at $9,079,000 after acquiring an additional 389 shares during the last quarter. Retirement Planning Co of New England Inc. raised its stake in Mastercard by 357.8% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 4,212 shares of the credit services provider's stock valued at $2,309,000 after acquiring an additional 3,292 shares during the period. Hardy Reed LLC boosted its stake in Mastercard by 0.5% in the 1st quarter. Hardy Reed LLC now owns 5,038 shares of the credit services provider's stock valued at $2,761,000 after purchasing an additional 23 shares during the period. Finally, Commerzbank Aktiengesellschaft FI raised its stake in Mastercard by 20.1% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 42,887 shares of the credit services provider's stock worth $23,507,000 after purchasing an additional 7,186 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of Mastercard stock in a transaction on 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 completion of the sale, the insider owned 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,753 shares of company stock worth $20,351,084 over the last ninety days. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MA shares. Evercore ISI initiated coverage on Mastercard in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective on the stock. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 price objective on shares of Mastercard in a research note on Wednesday, April 2nd. Macquarie decreased their target price on Mastercard from $645.00 to $610.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citigroup boosted their target price on shares of Mastercard from $650.00 to $652.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $612.90.

Mastercard Trading Down 0.6%

Shares of MA stock traded down $3.09 during trading hours on Friday, reaching $552.52. 2,579,579 shares of the stock traded hands, compared to its average volume of 2,663,399. The business has a fifty day moving average price of $567.61 and a 200 day moving average price of $548.26. The firm has a market capitalization of $503.74 billion, a PE ratio of 38.75, a PEG ratio of 2.41 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year 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.

Mastercard (NYSE:MA - Get Free Report) last announced 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. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business's revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the business posted $3.31 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend 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 is 21.32%.

About Mastercard

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.