Leonard Rickey Investment Advisors P.L.L.C. Sells 66 Shares of Mastercard Incorporated (NYSE:MA)

Leonard Rickey Investment Advisors P.L.L.C. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 613 shares of the credit services provider’s stock after selling 66 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Mastercard were worth $295,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in Mastercard by 8.1% during the third quarter. Lazard Asset Management LLC now owns 428,632 shares of the credit services provider’s stock valued at $169,697,000 after purchasing an additional 32,167 shares during the last quarter. Becker Capital Management Inc. lifted its holdings in Mastercard by 23.6% during the third quarter. Becker Capital Management Inc. now owns 1,315 shares of the credit services provider’s stock valued at $521,000 after purchasing an additional 251 shares during the last quarter. Truist Financial Corp lifted its holdings in Mastercard by 14.3% during the third quarter. Truist Financial Corp now owns 380,630 shares of the credit services provider’s stock valued at $150,695,000 after purchasing an additional 47,628 shares during the last quarter. Advanced Portfolio Management LLC purchased a new stake in Mastercard during the third quarter valued at about $413,000. Finally, Axxcess Wealth Management LLC lifted its holdings in Mastercard by 286.4% during the third quarter. Axxcess Wealth Management LLC now owns 15,837 shares of the credit services provider’s stock valued at $6,270,000 after purchasing an additional 11,738 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 110,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $441.43, for a total value of $48,557,300.00. Following the transaction, the insider now owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 110,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the sale, the insider now directly owns 94,014,308 shares of the company’s stock, valued at approximately $41,500,735,980.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on MA shares. Wells Fargo & Company upped their price objective on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Evercore ISI lowered their price target 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. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target on the stock. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.91.

Mastercard Price Performance

NYSE MA traded up $2.82 on Tuesday, reaching $440.43. 739,103 shares of the company’s stock traded hands, compared to its average volume of 2,452,578. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. 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 has a 50-day simple moving average of $451.50 and a 200 day simple moving average of $453.31. The stock has a market cap of $409.43 billion, a PE ratio of 34.79, a P/E/G ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating 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 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 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. As a group, research analysts predict that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

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

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.