Yoder Wealth Management Inc. Sells 26 Shares of Mastercard Incorporated (NYSE:MA)

Yoder Wealth Management Inc. cut its position in Mastercard Incorporated (NYSE:MA) by 5.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 477 shares of the credit services provider’s stock after selling 26 shares during the quarter. Yoder Wealth Management Inc.’s holdings in Mastercard were worth $230,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the sale, the insider now owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MA. Susquehanna reissued a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. Morgan Stanley reduced their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Barclays cut their target price on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Piper Sandler started coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target for the company. Finally, Robert W. Baird raised their price objective on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Two investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $496.91.

Mastercard Stock Performance

Shares of NYSE MA traded up $3.53 during trading hours on Wednesday, reaching $448.18. 3,192,350 shares of the stock were exchanged, compared to its average volume of 2,468,814. The stock’s fifty day simple moving average is $450.76 and its 200 day simple moving average is $453.63. The firm has a market capitalization of $416.63 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 1.72 and a beta of 1.09. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $6.34 billion. During the same period in the prior year, the company posted $2.80 earnings per share. Mastercard’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts predict that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. Mastercard’s 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.