Mastercard Incorporated (NYSE:MA) Position Cut by Bridgefront Capital LLC

Bridgefront Capital LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 44.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,428 shares of the credit services provider's stock after selling 2,733 shares during the period. Mastercard accounts for 0.6% of Bridgefront Capital LLC's portfolio, making the stock its 15th biggest holding. Bridgefront Capital LLC's holdings in Mastercard were worth $1,805,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Mastercard during the 4th quarter valued at about $6,022,224,000. Raymond James Financial Inc. acquired a new stake in Mastercard in the fourth quarter worth approximately $837,017,000. Proficio Capital Partners LLC lifted its position in Mastercard by 79,739.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,555,277 shares of the credit services provider's stock worth $818,962,000 after purchasing an additional 1,553,329 shares during the period. Northern Trust Corp boosted its stake in Mastercard by 15.2% during the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider's stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares in the last quarter. Finally, Sanders Capital LLC acquired a new position in shares of Mastercard during the 4th quarter valued at $617,303,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $559.18 on Monday. The business's 50-day simple moving average is $532.33 and its 200-day simple moving average is $531.61. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $582.23. The firm has a market cap of $509.81 billion, a price-to-earnings ratio of 40.26, a P/E/G ratio of 2.37 and a beta of 1.06.

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 for the quarter, topping analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The business had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the company earned $3.31 earnings per share. Mastercard's revenue for the quarter was up 14.2% on a year-over-year basis. As a group, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Wednesday, April 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, April 9th. Mastercard's dividend payout ratio (DPR) is currently 21.32%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $635.00 target price (up from $591.00) on shares of Mastercard in a report on Friday, January 31st. UBS Group dropped their target price on shares of Mastercard from $660.00 to $640.00 and set a "buy" rating on the stock in a report on Friday. Tigress Financial restated a "strong-buy" rating on shares of Mastercard in a report on Monday, March 10th. Wells Fargo & Company increased their price objective on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Barclays lifted their target price on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $606.18.

Insider Activity

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at approximately $46,692,629.36. This trade represents a 15.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total value of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares of the company's stock, valued at $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

Mastercard Company 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.

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