Mastercard Incorporated (NYSE:MA) Shares Sold by Monument Capital Management

Monument Capital Management lessened its position in Mastercard Incorporated (NYSE:MA) by 5.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,917 shares of the credit services provider’s stock after selling 118 shares during the quarter. Monument Capital Management’s holdings in Mastercard were worth $923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Activest Wealth Management boosted its holdings in Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares during the period. Cross Staff Investments Inc boosted its stake in shares of Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares during the period. Everett Harris & Co. CA grew its position in shares of Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after buying an additional 252 shares in the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after buying an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp raised its holdings in Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock traded up $2.86 during midday trading on Wednesday, hitting $447.51. The company had a trading volume of 2,268,803 shares, compared to its average volume of 2,461,542. The stock has a market cap of $416.01 billion, a price-to-earnings ratio of 35.61, a PEG ratio of 1.72 and a beta of 1.09. 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 company’s 50 day simple moving average is $450.76 and its 200 day simple moving average is $453.63. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm posted $2.80 EPS. Research analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now directly owns 4,063 shares in the company, valued at $1,817,095.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the completion of the sale, the insider now owns 96,996,308 shares in the company, valued at $44,887,951,416.24. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock worth $1,428,540,870 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MA. JPMorgan Chase & Co. lowered their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Robert W. Baird boosted their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Evercore ISI cut their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. Morgan Stanley lowered their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $496.91.

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.