Mastercard Incorporated (NYSE:MA) Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,548 shares of the credit services provider's stock after selling 482 shares during the period. Mutual Advisors LLC's holdings in Mastercard were worth $2,960,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Whalerock Point Partners LLC raised its position in Mastercard by 1.3% during the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock worth $7,729,000 after buying an additional 185 shares during the last quarter. Fortis Advisors LLC boosted its stake in shares of Mastercard by 9.4% in the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after buying an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida grew its holdings in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after acquiring an additional 185 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after acquiring an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC raised its position in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock valued at $911,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insiders Place Their Bets

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider directly owned 23,624 shares in the company, valued at $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julius Genachowski sold 310 shares of Mastercard stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total value of $173,910.00. Following the completion of the sale, the director directly owned 8,323 shares of the company's stock, valued at $4,669,203. The trade was a 3.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,441 shares of company stock worth $20,173,035. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MA shares. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Truist Financial began coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a "buy" rating and a $640.00 price objective for the company. KeyCorp increased their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $611.50.

Mastercard Trading Up 0.9%

MA stock traded up $5.01 during midday trading on Friday, hitting $566.53. 1,528,739 shares of the company's stock were exchanged, compared to its average volume of 2,668,807. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a market capitalization of $516.51 billion, a PE ratio of 39.73, a P/E/G ratio of 2.44 and a beta of 1.02. The business has a 50-day simple moving average of $566.17 and a two-hundred day simple moving average of $546.25.

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, topping analysts' consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion during 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 company'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 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business 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. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's dividend payout ratio is presently 21.32%.

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.