Chilton Capital Management LLC Has $2.51 Million Holdings in Mastercard Incorporated (NYSE:MA)

Chilton Capital Management LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,583 shares of the credit services provider’s stock after selling 21 shares during the quarter. Chilton Capital Management LLC’s holdings in Mastercard were worth $2,512,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter valued at about $31,000. 10Elms LLP acquired a new stake in shares of Mastercard during the 4th quarter valued at about $33,000. Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at about $33,000. Truvestments Capital LLC lifted its holdings in shares of Mastercard by 62.5% during the 4th quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock valued at $34,000 after buying an additional 25 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at about $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Shares of NYSE MA opened at $566.53 on Friday. The company has a market cap of $516.51 billion, a P/E ratio of 39.73, a P/E/G ratio of 2.47 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The business’s 50 day moving average is $566.83 and its two-hundred day moving average is $546.68.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $3.31 earnings per share. On average, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio is presently 21.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MA shares. Truist Financial started coverage on Mastercard in a report on Monday, June 2nd. They set a “buy” rating and a $640.00 price target for the company. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. KeyCorp lifted their price target on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Citigroup boosted their target price on Mastercard from $650.00 to $652.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $611.50.

Insider Buying and Selling at Mastercard

In other news, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the sale, the insider directly owned 3,255 shares in the company, valued at approximately $1,887,900. The trade was a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,441 shares of company stock valued at $20,173,035 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

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.