Mastercard Incorporated $MA Stake Trimmed by RNC Capital Management LLC

RNC Capital Management LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 425 shares of the credit services provider’s stock after selling 20 shares during the quarter. RNC Capital Management LLC’s holdings in Mastercard were worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MA. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the 4th quarter worth about $31,000. Keystone Global Partners LLC purchased a new position in Mastercard in the 1st quarter worth about $31,000. 10Elms LLP purchased a new position in Mastercard in the 4th quarter worth about $33,000. Hughes Financial Services LLC purchased a new position in Mastercard during the 1st quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Mastercard during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling 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 directly owned 58,451 shares in the company, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Julius Genachowski sold 312 shares of the business’s 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 completion of the sale, the director owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,481 shares of company stock worth $32,616,595 over the last quarter. Insiders own 0.09% of the company’s stock.

Mastercard Stock Up 0.6%

Shares of Mastercard stock opened at $587.49 on Tuesday. The firm has a market cap of $531.10 billion, a price-to-earnings ratio of 39.62, a P/E/G ratio of 2.40 and a beta of 0.99. 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 Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock has a 50-day simple moving average of $573.10 and a 200-day simple moving average of $557.69.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $3.50 EPS. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s payout ratio is currently 20.50%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Morgan Stanley lifted their target price on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their target price on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, UBS Group lifted their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $626.54.

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.