Mastercard Incorporated (NYSE:MA) Shares Acquired by Sawyer & Company Inc

Sawyer & Company Inc lifted its holdings in Mastercard Incorporated (NYSE:MA) by 3.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,814 shares of the credit services provider’s stock after purchasing an additional 213 shares during the quarter. Sawyer & Company Inc’s holdings in Mastercard were worth $3,281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in shares of Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 250 shares during the period. Cross Staff Investments Inc increased its holdings in shares of Mastercard by 16.3% in the fourth 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 period. Everett Harris & Co. CA raised its stake in shares of Mastercard by 0.5% in the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings 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 purchasing an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp boosted its position 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 buying an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s 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 transaction, the insider now directly owns 96,996,308 shares in the company, valued at approximately $44,887,951,416.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total value of $50,443,020.00. Following the sale, the insider now owns 96,996,308 shares in the company, valued at approximately $44,887,951,416.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Hai Ling sold 2,892 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $460.00, for a total value of $1,330,320.00. Following the transaction, the insider now owns 21,420 shares of the company’s stock, valued at $9,853,200. The disclosure for this sale can be found here. Insiders have sold 3,163,228 shares of company stock valued at $1,428,540,870 over the last 90 days. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MA. Piper Sandler began coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Mizuho decreased their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. 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 research note on Thursday, April 18th. Wells Fargo & Company lifted their target price on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Susquehanna reissued a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Two investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Stock Performance

Mastercard stock opened at $441.08 on Friday. The firm has a 50 day simple moving average of $451.50 and a 200-day simple moving average of $452.88. The stock has a market cap of $410.03 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.73 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. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00.

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, topping 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 company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the business posted $2.80 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts expect that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be given 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 of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Mastercard 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.