Mastercard Incorporated (NYSE:MA) is HM Payson & Co.’s 9th Largest Position

HM Payson & Co. boosted its holdings in Mastercard Incorporated (NYSE:MA) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,060 shares of the credit services provider’s stock after buying an additional 929 shares during the quarter. Mastercard accounts for approximately 2.4% of HM Payson & Co.’s holdings, making the stock its 9th biggest position. HM Payson & Co.’s holdings in Mastercard were worth $135,418,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Founders Financial Alliance LLC increased its position in shares of Mastercard by 2.9% during the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider’s stock worth $356,000 after purchasing an additional 19 shares in the last quarter. BlackDiamond Wealth Management LLC increased its position in shares of Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider’s stock worth $445,000 after purchasing an additional 19 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC increased its position in shares of Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider’s stock worth $388,000 after purchasing an additional 19 shares in the last quarter. Strategy Asset Managers LLC increased its position in shares of Mastercard by 2.1% during the fourth quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider’s stock worth $480,000 after purchasing an additional 19 shares in the last quarter. Finally, Phillips Wealth Planners LLC increased its position in shares of Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $566.53 on Friday. The stock’s 50-day moving average price is $566.83 and its 200 day moving average price is $546.49. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. The firm has a market cap of $516.51 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.47 and a beta of 1.02.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the company earned $3.31 EPS. Mastercard’s revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research report on Monday, March 10th. Macquarie dropped their price target on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. KeyCorp upped their target price on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $611.50.

Insider Activity

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $572.86, for a total transaction of $549,372.74. Following the transaction, the insider owned 25,540 shares of the company’s stock, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig Vosburg sold 14,051 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider directly owned 58,451 shares in the company, 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. Insiders have sold 38,441 shares of company stock worth $20,173,035 in the last quarter. Insiders own 0.09% of the company’s stock.

About Mastercard

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.