Haverford Trust Co Sells 6,839 Shares of Mastercard Incorporated $MA

Haverford Trust Co trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 616,034 shares of the credit services provider’s stock after selling 6,839 shares during the period. Mastercard comprises 3.4% of Haverford Trust Co’s holdings, making the stock its 4th largest position. Haverford Trust Co’s holdings in Mastercard were worth $337,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the period. Bank Pictet & Cie Europe AG grew its holdings in Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in Mastercard in the fourth quarter valued at approximately $73,000. Trustco Bank Corp N Y acquired a new stake in Mastercard in the fourth quarter valued at approximately $211,000. Finally, Coppell Advisory Solutions LLC grew its holdings in Mastercard by 224.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 458 shares of the credit services provider’s stock valued at $241,000 after purchasing an additional 317 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,269 shares of company stock valued at $30,634,699 in the last 90 days. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. TD Cowen reissued a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Truist Financial dropped their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. KeyCorp raised their price objective on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada raised their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $617.93.

Mastercard Stock Performance

NYSE MA opened at $598.1480 on Friday. The company has a market cap of $540.73 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The stock’s 50 day simple moving average is $564.03 and its 200-day simple moving average is $555.73. Mastercard Incorporated has a 1-year low of $461.90 and a 1-year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the business posted $3.50 earnings per share. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

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.