KRS Capital Management LLC Sells 30 Shares of Mastercard Incorporated (NYSE:MA)

KRS Capital Management LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,694 shares of the credit services provider’s stock after selling 30 shares during the quarter. Mastercard makes up approximately 1.0% of KRS Capital Management LLC’s investment portfolio, making the stock its 19th largest position. KRS Capital Management LLC’s holdings in Mastercard were worth $1,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after acquiring an additional 742,076 shares during the last quarter. Capital International Investors raised its holdings in Mastercard by 3.3% in the 4th quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after buying an additional 676,452 shares during the last quarter. Capital Research Global Investors raised its holdings in Mastercard by 4.7% in the 4th 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 buying an additional 605,909 shares during the last quarter. Norges Bank bought a new position in Mastercard in the 4th quarter valued at approximately $4,595,559,000. Finally, Ameriprise Financial Inc. raised its holdings in Mastercard by 5.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after buying an additional 306,663 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $441.16 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock’s fifty day simple moving average is $451.50 and its two-hundred day simple moving average is $452.88. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The stock has a market cap of $410.11 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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 return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the business earned $2.80 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, analysts forecast that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. 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 payout ratio is 20.99%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays dropped their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Evercore ISI decreased their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Morgan Stanley decreased their target price 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. Finally, Robert W. Baird increased their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Two equities 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. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.91.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on 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 sale, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, 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. Insiders have sold 3,163,228 shares of company stock worth $1,428,540,870 in the last ninety days. 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.