Nemes Rush Group LLC Sells 56 Shares of Mastercard Incorporated (NYSE:MA)

Nemes Rush Group LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 600 shares of the credit services provider’s stock after selling 56 shares during the quarter. Nemes Rush Group LLC’s holdings in Mastercard were worth $329,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Whalerock Point Partners LLC lifted its position in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after buying an additional 185 shares during the last quarter. Fortis Advisors LLC lifted its position in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock valued at $477,000 after buying an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida lifted its position in shares of Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after buying an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in shares of Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock valued at $3,766,000 after buying an additional 1,047 shares during the last quarter. Finally, Baldwin Investment Management LLC lifted its position in shares of Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock valued at $911,000 after buying an additional 93 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the transaction, the insider owned 58,451 shares in the company, valued at $20,636,125.55. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,753 shares of company stock worth $20,351,084 over the last 90 days. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on MA shares. Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $650.00 price objective on shares of Mastercard in a report on Tuesday, July 15th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Five investment 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $612.90.

Mastercard Price Performance

Shares of NYSE MA opened at $568.18 on Monday. The stock has a market capitalization of $518.02 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 2.46 and a beta of 1.02. Mastercard Incorporated has a 12 month low of $432.11 and a 12 month high of $594.71. The firm’s 50 day simple moving average is $565.61 and its 200-day simple moving average is $550.38. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the company earned $3.31 EPS. Analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Mastercard Company 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.