Tyche Wealth Partners LLC Sells 1,358 Shares of Mastercard Incorporated (NYSE:MA)

Tyche Wealth Partners LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 15.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,644 shares of the credit services provider's stock after selling 1,358 shares during the quarter. Mastercard makes up about 0.9% of Tyche Wealth Partners LLC's holdings, making the stock its 24th biggest holding. Tyche Wealth Partners LLC's holdings in Mastercard were worth $4,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Whalerock Point Partners LLC grew 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 valued at $7,729,000 after purchasing an additional 185 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock worth $37,841,000 after acquiring an additional 1,194 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Mastercard by 18.0% in the 1st 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 in the last quarter. Baldwin Investment Management LLC increased its holdings in Mastercard by 5.7% in the 4th 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 in the last quarter. Finally, Norges Bank purchased a new stake in Mastercard during the 4th quarter valued at approximately $6,022,224,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MA shares. The Goldman Sachs Group reissued a "buy" rating and issued a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Tigress Financial reissued a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Monness Crespi & Hardt downgraded shares of Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average price target of $610.00.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 14,051 shares of the business's 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 sale, the insider now owns 58,451 shares in the company, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the sale, the insider now owns 25,540 shares in the company, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,115 shares of company stock worth $18,324,718 in the last quarter. Insiders own 0.09% of the company's stock.

Mastercard Trading Up 2.8%

Shares of NYSE:MA opened at $557.69 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. The stock has a market cap of $508.45 billion, a PE ratio of 39.11, a P/E/G ratio of 2.37 and a beta of 1.05. The business has a 50 day moving average of $561.13 and a 200-day moving average of $545.00. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.12 billion. During the same period in the previous year, the business earned $3.31 earnings per share. The company's revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.55%. Mastercard's payout ratio is currently 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.

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