Mastercard Incorporated (NYSE:MA) Stock Position Lessened by Notis McConarty Edward

Notis McConarty Edward reduced its position in Mastercard Incorporated (NYSE:MA - Free Report) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,423 shares of the credit services provider's stock after selling 1,265 shares during the quarter. Mastercard comprises approximately 4.9% of Notis McConarty Edward's investment portfolio, making the stock its 2nd biggest holding. Notis McConarty Edward's holdings in Mastercard were worth $9,550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Whalerock Point Partners LLC boosted its holdings in Mastercard by 1.3% in the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Fortis Advisors LLC raised its position 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 acquiring an additional 75 shares during the period. Canandaigua National Trust Co of Florida raised its position in shares of Mastercard by 36.4% in 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 raised its position in shares of Mastercard by 18.0% in 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 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 worth $911,000 after acquiring an additional 93 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In related news, 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 transaction of $178,049.04. Following the sale, the director owned 8,469 shares of the company's stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 in the last ninety days. Corporate insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of analyst reports. Citigroup upped their price objective 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. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Truist Financial cut their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 price objective for the company. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Five investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and an average target price of $612.90.

Mastercard Stock Performance

Shares of Mastercard stock traded up $4.68 on Friday, reaching $568.18. 1,513,080 shares of the stock were exchanged, compared to its average volume of 2,575,199. Mastercard Incorporated has a 1-year low of $432.11 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 business has a fifty day moving average price of $565.61 and a two-hundred day moving average price of $549.91. The firm has a market capitalization of $518.02 billion, a PE ratio of 39.84, a PEG ratio of 2.44 and a beta of 1.02.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business posted $3.31 earnings per share. The business's revenue was up 14.2% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's dividend payout ratio is currently 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.