Mastercard Incorporated (NYSE:MA) is Hemenway Trust Co LLC’s 6th Largest Position

Hemenway Trust Co LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 0.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 99,467 shares of the credit services provider’s stock after selling 31 shares during the period. Mastercard makes up about 4.1% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 6th largest position. Hemenway Trust Co LLC’s holdings in Mastercard were worth $47,901,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Hoxton Planning & Management LLC increased its holdings in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its stake in Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock valued at $206,000 after acquiring an additional 23 shares during the last quarter. Benin Management CORP grew its holdings in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 23 shares in the last quarter. Atticus Wealth Management LLC increased its position in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the last quarter. Finally, Strategic Advisors LLC lifted its position in shares of Mastercard by 0.3% during the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after purchasing an additional 23 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Mastercard stock traded up $2.74 during trading hours on Thursday, hitting $436.38. The stock had a trading volume of 4,032,569 shares, compared to its average volume of 2,484,578. The company has a market cap of $405.67 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company has a 50-day moving average of $449.32 and a two-hundred day moving average of $454.20.

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

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the sale, the insider now directly owns 97,215,308 shares of the company’s stock, valued at $44,472,114,797.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the transaction, the insider now owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the transaction, the insider now owns 3,463 shares of the company’s stock, valued at approximately $1,572,202. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock worth $1,428,540,870 in the last quarter. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MA shares. TD Cowen began coverage on Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective on the stock. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Evercore ISI cut their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. JPMorgan Chase & Co. cut their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Piper Sandler assumed coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price on the stock. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $498.57.

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.