Mastercard Incorporated (NYSE:MA) Shares Sold by AMF Tjanstepension AB

AMF Tjanstepension AB cut its stake in Mastercard Incorporated (NYSE:MA) by 46.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,384 shares of the credit services provider’s stock after selling 70,757 shares during the period. AMF Tjanstepension AB’s holdings in Mastercard were worth $39,207,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the 4th quarter valued at $26,000. VitalStone Financial LLC boosted its position in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new position in Mastercard in the 4th quarter worth approximately $27,000. Westend Capital Management LLC purchased a new position in Mastercard during the 1st quarter worth approximately $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Mastercard during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MA shares. TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Robert W. Baird upped their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. reduced their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Barclays lowered their price objective on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Price Performance

MA traded down $1.67 on Friday, reaching $441.08. 4,105,039 shares of the company’s stock were exchanged, compared to its average volume of 2,460,773. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s fifty day moving average price is $451.50 and its 200-day moving average price is $452.88. The stock has a market cap of $410.03 billion, a PE ratio of 35.06, a P/E/G ratio of 1.77 and a beta of 1.09. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last announced 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 return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the business posted $2.80 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

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

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Mastercard news, insider Hai Ling sold 2,892 shares of Mastercard stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the completion of the sale, the insider now directly owns 21,420 shares in the company, valued at $9,853,200. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 in the last 90 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.