560 Shares in Mastercard Incorporated (NYSE:MA) Acquired by Meyer Handelman Co.

Meyer Handelman Co. bought a new position in shares of Mastercard Incorporated (NYSE:MA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 560 shares of the credit services provider’s stock, valued at approximately $270,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after acquiring an additional 742,076 shares in the last quarter. Capital International Investors grew its position in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after acquiring an additional 676,452 shares in the last quarter. Capital Research Global Investors grew its position in Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after acquiring an additional 605,909 shares in the last quarter. Norges Bank acquired a new stake in Mastercard in the fourth quarter valued at approximately $4,595,559,000. Finally, Ameriprise Financial Inc. grew its position in Mastercard by 5.9% in the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after acquiring an additional 306,663 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on MA shares. Evercore ISI increased their price objective on shares of Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Wells Fargo & Company raised their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Morgan Stanley decreased their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Piper Sandler started coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target for the company. Finally, Barclays decreased their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $497.78.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 111,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 111,000 shares of Mastercard stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Raj Seshadri sold 3,464 shares of Mastercard stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $447.84, for a total value of $1,551,317.76. Following the transaction, the insider now directly owns 13,736 shares in the company, valued at $6,151,530.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,774,200 shares of company stock valued at $1,251,670,450. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

MA stock opened at $454.85 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $422.83 billion, a price-to-earnings ratio of 36.16, a PEG ratio of 1.77 and a beta of 1.09. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The stock’s fifty day moving average is $452.30 and its two-hundred day moving average is $451.87.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business posted $2.80 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 14.22 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

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.