Mastercard Incorporated (NYSE:MA) Shares Sold by Advisor Resource Council

Advisor Resource Council lowered its stake in Mastercard Incorporated (NYSE:MA) by 31.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 960 shares of the credit services provider’s stock after selling 450 shares during the quarter. Advisor Resource Council’s holdings in Mastercard were worth $462,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Activest Wealth Management lifted its position in Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares during the last quarter. Cross Staff Investments Inc increased its stake in Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the period. Everett Harris & Co. CA increased its stake in Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the period. Atlantic Union Bankshares Corp increased its stake in Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp increased its stake in Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock valued at $1,428,540,870 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

MA stock opened at $448.18 on Friday. The company has a market capitalization of $416.63 billion, a P/E ratio of 35.63, a PEG ratio of 1.75 and a beta of 1.09. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The business has a 50 day simple moving average of $450.47 and a 200-day simple moving average of $453.59. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company earned $2.80 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.99%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Piper Sandler assumed coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 target price on the stock. Morgan Stanley cut their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Susquehanna restated a “positive” rating and set a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $496.91.

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.