Hexagon Capital Partners LLC Sells 445 Shares of Mastercard Incorporated (NYSE:MA)

Hexagon Capital Partners LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 42.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 592 shares of the credit services provider’s stock after selling 445 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Mastercard were worth $285,000 at the end of the most recent quarter.

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

Mastercard Trading Down 0.8 %

Shares of NYSE:MA opened at $437.61 on Tuesday. The company has a 50-day simple moving average of $451.50 and a 200 day simple moving average of $453.31. The company has a market capitalization of $406.81 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. 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 Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MA shares. Wells Fargo & Company raised their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Robert W. Baird raised their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Evercore ISI reduced their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Susquehanna restated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

Insider Buying and Selling at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the sale, the insider now owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction 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 completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the sale, the insider now directly owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The disclosure for this sale can be found here. Insiders have sold a total of 3,163,228 shares of company stock worth $1,428,540,870 over the last ninety days. Insiders own 0.10% of the company’s stock.

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.