Mastercard Incorporated $MA Shares Sold by Mccarter Private Wealth Services LLC

Mccarter Private Wealth Services LLC reduced its stake in Mastercard Incorporated (NYSE:MAFree Report) by 3.0% in the first quarter, HoldingsChannel reports. The fund owned 12,700 shares of the credit services provider’s stock after selling 394 shares during the quarter. Mastercard makes up 4.6% of Mccarter Private Wealth Services LLC’s holdings, making the stock its 4th largest holding. Mccarter Private Wealth Services LLC’s holdings in Mastercard were worth $6,961,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Accredited Investors Inc. grew its position in Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 18 shares in the last quarter. Wealthstream Advisors Inc. grew its position in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after purchasing an additional 18 shares in the last quarter. Phillips Wealth Planners LLC grew its position in Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock valued at $538,000 after purchasing an additional 19 shares in the last quarter. Alta Wealth Advisors LLC grew its position in Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock valued at $296,000 after purchasing an additional 19 shares in the last quarter. Finally, May Hill Capital LLC grew its position in Mastercard by 2.0% during the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock valued at $540,000 after purchasing an additional 19 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

NYSE MA opened at $591.4220 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a fifty day simple moving average of $563.30 and a 200 day simple moving average of $555.47. The company has a market cap of $534.65 billion, a P/E ratio of 39.88, a P/E/G ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a 1 year low of $461.90 and a 1 year high of $594.71.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Truist Financial decreased their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Royal Bank Of Canada boosted their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company boosted their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $617.93.

Read Our Latest Analysis on MA

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Raj Seshadri sold 1,100 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares in the company, valued at $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. Over the last quarter, insiders have sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is currently owned by insiders.

Mastercard Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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