Mastercard Incorporated (NYSE:MA) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 0.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,938,267 shares of the credit services provider's stock after selling 9,234 shares during the period. Mastercard accounts for 0.8% of Sumitomo Mitsui Trust Group Inc.'s portfolio, making the stock its 17th largest position. Sumitomo Mitsui Trust Group Inc. owned approximately 0.21% of Mastercard worth $1,062,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in MA. Richard W. Paul & Associates LLC grew its position in shares of Mastercard by 0.9% in the 4th quarter. Richard W. Paul & Associates LLC now owns 2,245 shares of the credit services provider's stock valued at $1,182,000 after acquiring an additional 19 shares during the period. Founders Financial Alliance LLC increased its stake in shares of Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock worth $356,000 after purchasing an additional 19 shares during the period. BlackDiamond Wealth Management LLC increased its position in Mastercard by 2.3% during the 4th 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 during the period. Fi3 FINANCIAL ADVISORS LLC raised its stake in Mastercard by 2.6% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after purchasing an additional 19 shares in the last quarter. Finally, Strategy Asset Managers LLC boosted its stake in shares of Mastercard by 2.1% in the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after buying an additional 19 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Sandra A. Arkell sold 150 shares of the firm's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider owned 3,255 shares in the company, valued at approximately $1,887,900. This trade represents a 4.41% 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 Raj Seshadri sold 1,100 shares of the company's stock in a transaction that occurred 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 directly owned 12,921 shares of the company's stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,441 shares of company stock worth $20,173,035. Corporate insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on MA. KeyCorp upped their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Truist Financial started coverage on shares of Mastercard in a research note on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. 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, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $611.50.

Mastercard Stock Performance

NYSE MA traded up $2.95 on Tuesday, reaching $564.89. 3,826,895 shares of the company's stock traded hands, compared to its average volume of 2,675,592. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. 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 $515.02 billion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 2.40 and a beta of 1.05. The stock has a 50 day moving average price of $564.18 and a 200-day moving average price of $545.76.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same quarter in the previous year, the firm posted $3.31 EPS. The company's revenue for the quarter was up 14.2% on a year-over-year basis. Equities research 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 issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard's payout ratio is presently 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.