United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Has $92.68 Million Position in Mastercard Incorporated (NYSE:MA)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 169,088 shares of the credit services provider's stock after selling 7,496 shares during the period. Mastercard comprises about 3.8% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's investment portfolio, making the stock its 7th biggest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Mastercard were worth $92,681,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MA. Measured Risk Portfolios Inc. bought a new position in Mastercard in the 4th quarter worth $31,000. Navigoe LLC bought a new position in Mastercard in the 4th quarter worth $33,000. 10Elms LLP bought a new position in Mastercard in the 4th quarter worth $33,000. Hughes Financial Services LLC bought a new position in Mastercard in the 1st quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in Mastercard during the fourth quarter valued at about $36,000. Institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. KeyCorp raised their price target on Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Monness Crespi & Hardt cut Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a report on Friday, June 6th. UBS Group raised their price target on Mastercard from $660.00 to $670.00 and gave the company a "buy" rating in a report on Tuesday, June 3rd. Finally, Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Six research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and an average target price of $612.90.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was 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 owned 58,451 shares in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business's stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the completion of the sale, the insider owned 23,624 shares of the company's stock, valued at $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock worth $20,351,084 over the last three months. Company insiders own 0.09% of the company's stock.

Mastercard Trading Down 0.6%

Shares of NYSE:MA traded down $3.09 during trading hours on Friday, hitting $552.52. 2,579,579 shares of the company's stock traded hands, compared to its average volume of 2,666,094. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The business has a fifty day moving average price of $567.61 and a 200-day moving average price of $548.26. The firm has a market capitalization of $503.74 billion, a P/E ratio of 38.75, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA - Get Free Report) last announced its earnings results 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 analyst estimates of $7.12 billion. During the same quarter in the previous year, the business earned $3.31 earnings per share. The company's revenue for the quarter was up 14.2% compared to the same quarter last year. Equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. Mastercard's payout ratio is 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.