Mastercard Incorporated (NYSE:MA) Shares Sold by Abundance Wealth Counselors

Abundance Wealth Counselors trimmed its position in Mastercard Incorporated (NYSE:MA) by 18.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 442 shares of the credit services provider’s stock after selling 100 shares during the period. Abundance Wealth Counselors’ holdings in Mastercard were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Evergreen Capital Management LLC lifted its position in shares of Mastercard by 1.7% during the 3rd quarter. Evergreen Capital Management LLC now owns 8,319 shares of the credit services provider’s stock valued at $3,294,000 after acquiring an additional 143 shares during the last quarter. Elevatus Welath Management acquired a new stake in Mastercard during the 3rd quarter valued at $256,000. Legacy Advisors LLC raised its stake in Mastercard by 11.1% during the 3rd quarter. Legacy Advisors LLC now owns 8,199 shares of the credit services provider’s stock valued at $3,246,000 after purchasing an additional 818 shares during the period. Lone Pine Capital LLC raised its stake in Mastercard by 48.4% during the 3rd quarter. Lone Pine Capital LLC now owns 1,746,342 shares of the credit services provider’s stock valued at $691,394,000 after purchasing an additional 569,534 shares during the period. Finally, Kiwi Wealth Investments Limited Partnership raised its stake in Mastercard by 65.7% during the 3rd quarter. Kiwi Wealth Investments Limited Partnership now owns 99,961 shares of the credit services provider’s stock valued at $39,576,000 after purchasing an additional 39,620 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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. Mizuho cut their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Robert W. Baird boosted their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. TD Cowen initiated 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, Evercore ISI dropped their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Mastercard Stock Up 0.8 %

NYSE MA opened at $448.18 on Thursday. 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 firm has a 50-day simple moving average of $450.76 and a 200 day simple moving average of $453.63. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The stock has a market cap of $416.63 billion, a PE ratio of 35.63, a PEG ratio of 1.74 and a beta of 1.09.

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

Mastercard Announces Dividend

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

Insider Activity at Mastercard

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 value of $62,540,220.00. Following the completion of the transaction, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the transaction, the insider now owns 3,463 shares of the company’s stock, valued at $1,572,202. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The stock was 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 approximately $41,762,504,462.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. Company insiders own 0.10% 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.