Means Investment CO. Inc. cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,509 shares of the credit services provider’s stock after selling 39 shares during the period. Means Investment CO. Inc.’s holdings in Mastercard were worth $537,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Modus Advisors LLC lifted its position in shares of Mastercard by 10.3% in the first quarter. Modus Advisors LLC now owns 5,927 shares of the credit services provider’s stock valued at $2,110,000 after acquiring an additional 554 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Mastercard by 1.0% in the first quarter. Confluence Investment Management LLC now owns 212,506 shares of the credit services provider’s stock valued at $75,663,000 after acquiring an additional 2,073 shares in the last quarter. Fulton Bank N.A. lifted its position in shares of Mastercard by 0.5% in the first quarter. Fulton Bank N.A. now owns 25,560 shares of the credit services provider’s stock valued at $9,100,000 after acquiring an additional 131 shares in the last quarter. Bard Financial Services Inc. purchased a new position in shares of Mastercard in the fourth quarter valued at about $1,560,000. Finally, Legacy Wealth Asset Management LLC purchased a new position in shares of Mastercard in the fourth quarter valued at about $817,000. Institutional investors own 73.64% of the company’s stock.
In related news, insider Michael Fraccaro sold 1,374 shares of the company’s stock in a transaction on Monday, April 5th. The stock was sold at an average price of $370.00, for a total value of $508,380.00. Following the transaction, the insider now directly owns 7,640 shares of the company’s stock, valued at approximately $2,826,800. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Edward Grunde Mclaughlin sold 13,248 shares of the company’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $350.73, for a total value of $4,646,471.04. Following the completion of the transaction, the insider now directly owns 38,447 shares in the company, valued at $13,484,516.31. The disclosure for this sale can be found here. In the last quarter, insiders have sold 768,468 shares of company stock valued at $254,295,843. Company insiders own 3.79% of the company’s stock.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, January 28th. The credit services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Mastercard Incorporated will post 6.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, April 8th. This represents a $1.76 annualized dividend and a dividend yield of 0.47%. Mastercard’s dividend payout ratio is presently 22.65%.
A number of equities research analysts recently commented on the company. Wells Fargo & Company boosted their target price on Mastercard from $350.00 to $400.00 and gave the stock an “overweight” rating in a research report on Monday, January 4th. Sanford C. Bernstein assumed coverage on Mastercard in a research report on Wednesday, January 27th. They issued an “outperform” rating and a $380.00 target price on the stock. Zacks Investment Research upgraded Mastercard from a “sell” rating to a “hold” rating and set a $358.00 target price on the stock in a research report on Tuesday, February 16th. Morgan Stanley boosted their price objective on Mastercard from $377.00 to $412.00 and gave the stock an “overweight” rating in a research note on Monday, March 22nd. Finally, Jefferies Financial Group raised Mastercard from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $315.00 to $415.00 in a research note on Wednesday, January 13th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $367.26.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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