Mastercard Incorporated (NYSE:MA) Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.6% during the first quarter, Holdings Channel reports. The institutional investor owned 1,807 shares of the credit services provider’s stock after selling 30 shares during the period. MainStreet Investment Advisors LLC’s holdings in Mastercard were worth $990,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Whalerock Point Partners LLC raised its holdings in shares of Mastercard by 1.3% in the 4th quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock worth $7,729,000 after purchasing an additional 185 shares in the last quarter. Fortis Advisors LLC lifted its position in Mastercard by 9.4% in the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after buying an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida lifted its position in Mastercard by 36.4% in the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after buying an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in Mastercard by 18.0% in the first 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. Finally, Baldwin Investment Management LLC grew its position in Mastercard by 5.7% in the fourth 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. 97.28% of the stock is currently owned by institutional investors.

Mastercard Trading Up 0.3%

Shares of NYSE:MA opened at $564.36 on Thursday. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71. The stock’s fifty day moving average price is $568.25 and its 200-day moving average price is $547.33. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $514.53 billion, a P/E ratio of 39.58, a PEG ratio of 2.44 and a beta of 1.02.

Mastercard (NYSE:MA) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the business posted $3.31 earnings per share. The firm’s revenue was up 14.2% on a year-over-year basis. Sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s payout ratio is currently 21.32%.

Analyst Ratings Changes

Several analysts have commented on MA shares. KeyCorp boosted their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. The Goldman Sachs Group reiterated a “buy” rating and set a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Finally, Macquarie reduced their target price on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

Insider Transactions at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the firm’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total value of $549,372.74. Following the completion of the sale, the insider owned 25,540 shares of the company’s stock, valued at approximately $14,630,844.40. This trade represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction dated 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 directly owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,753 shares of company stock valued at $20,351,084. Company insiders own 0.09% of the company’s stock.

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.