New Mexico Educational Retirement Board Sells 1,000 Shares of Mastercard Incorporated (NYSE:MA)

New Mexico Educational Retirement Board reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,310 shares of the credit services provider's stock after selling 1,000 shares during the quarter. Mastercard comprises about 0.8% of New Mexico Educational Retirement Board's investment portfolio, making the stock its 16th largest holding. New Mexico Educational Retirement Board's holdings in Mastercard were worth $20,998,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Whalerock Point Partners LLC grew 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 acquiring an additional 185 shares during the period. Fortis Advisors LLC grew its holdings in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after acquiring an additional 75 shares during the period. 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 grew its holdings 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 worth $911,000 after acquiring an additional 93 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares of the company's stock, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the sale, the insider directly owned 58,451 shares of the company's stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,753 shares of company stock valued at $20,351,084. 0.09% of the stock is owned by insiders.

Mastercard Trading Down 0.1%

NYSE:MA traded down $0.79 during mid-day trading on Thursday, hitting $564.32. The company had a trading volume of 941,502 shares, compared to its average volume of 2,851,655. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The business's fifty day moving average is $568.25 and its two-hundred day moving average is $547.33. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $514.49 billion, a P/E ratio of 39.57, a P/E/G ratio of 2.44 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 EPS 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%. Mastercard's revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.31 earnings per share. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced 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 is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. Mastercard's payout ratio is 21.32%.

Analysts Set New Price Targets

MA has been the topic of a number of research analyst reports. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Wall Street Zen cut Mastercard from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. KeyCorp lifted their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Truist Financial initiated coverage on Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price target on the stock. Finally, Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 9th. Seven 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's stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

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.