Cvfg LLC Trims Stock Holdings in Mastercard Incorporated (NYSE:MA)

Cvfg LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,390 shares of the credit services provider’s stock after selling 107 shares during the quarter. Mastercard accounts for 1.7% of Cvfg LLC’s portfolio, making the stock its 20th largest position. Cvfg LLC’s holdings in Mastercard were worth $1,858,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MA. NewSquare Capital LLC purchased a new position in shares of Mastercard during the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at about $32,000. 10Elms LLP acquired a new stake in shares of Mastercard during the 4th quarter valued at about $33,000. Finally, Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter valued at about $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Up 2.8%

Shares of NYSE MA opened at $557.69 on Wednesday. The firm has a market cap of $508.45 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 2.37 and a beta of 1.05. 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 52-week low of $428.86 and a 52-week high of $594.71. The business’s 50 day moving average is $561.13 and its two-hundred day moving average is $545.00.

Mastercard (NYSE:MA) last announced its earnings results 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 company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.31 earnings per share. Research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. Mastercard’s payout ratio is 21.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Tigress Financial restated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Truist Financial assumed coverage on Mastercard in a report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price objective on the stock. Evercore ISI assumed coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. Finally, KeyCorp lifted their price objective on Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider now owns 25,540 shares of the company’s stock, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the transaction, the insider now owns 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,115 shares of company stock valued at $18,324,718. 0.09% of the stock is currently owned by company 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.