Mastercard Incorporated (NYSE:MA) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. decreased its position in Mastercard Incorporated (NYSE:MA) by 4.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 308,241 shares of the credit services provider’s stock after selling 13,290 shares during the period. Mawer Investment Management Ltd.’s holdings in Mastercard were worth $168,953,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MA. 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 last quarter. 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 last quarter. Mascagni Wealth Management Inc. acquired a new stake in Mastercard in the fourth quarter valued at $73,000. Trustco Bank Corp N Y acquired a new stake in shares of Mastercard during the fourth quarter valued at $211,000. Finally, Wellington Management Group LLP boosted its stake in shares of Mastercard by 9.1% during the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock valued at $5,139,713,000 after acquiring an additional 817,836 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $650.00 price objective on shares of Mastercard in a research note on Tuesday, July 15th. UBS Group increased their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective on the stock. Finally, Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $612.90.

Mastercard Stock Performance

NYSE MA opened at $568.58 on Tuesday. The firm has a market capitalization of $518.38 billion, a P/E ratio of 39.87, a P/E/G ratio of 2.46 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $435.42 and a 1-year high of $594.71. 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 business’s 50-day simple moving average is $565.27 and its 200-day simple moving average is $550.83.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 EPS. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors 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 dividend yield of 0.53%. Mastercard’s payout ratio is currently 21.32%.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,428 shares of the firm’s stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares in the company, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. The trade was a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,753 shares of company stock valued at $20,351,084. Corporate insiders own 0.09% of the company’s stock.

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.