Mastercard Incorporated $MA Stake Trimmed by AlTi Global Inc.

AlTi Global Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 26.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,310 shares of the credit services provider’s stock after selling 2,625 shares during the period. AlTi Global Inc.’s holdings in Mastercard were worth $3,652,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its holdings in shares of Mastercard by 58.4% during the first quarter. Meeder Asset Management Inc. now owns 102,985 shares of the credit services provider’s stock valued at $51,457,000 after buying an additional 37,969 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Mastercard by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider’s stock worth $2,111,216,000 after acquiring an additional 42,871 shares during the period. Waycross Partners LLC boosted its position in Mastercard by 2.4% during the 1st quarter. Waycross Partners LLC now owns 71,670 shares of the credit services provider’s stock worth $35,811,000 after acquiring an additional 1,708 shares during the period. Ironwood Investment Counsel LLC grew its stake in Mastercard by 3.8% during the 1st quarter. Ironwood Investment Counsel LLC now owns 19,083 shares of the credit services provider’s stock valued at $9,535,000 after acquiring an additional 698 shares in the last quarter. Finally, Planning Alternatives Ltd. ADV grew its stake in Mastercard by 67.7% during the 1st quarter. Planning Alternatives Ltd. ADV now owns 1,239 shares of the credit services provider’s stock valued at $619,000 after acquiring an additional 500 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.0%

NYSE:MA opened at $543.55 on Monday. The stock’s 50 day moving average price is $503.99 and its 200 day moving average price is $515.80. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a market capitalization of $480.27 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.70 and a beta of 0.73. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.73 earnings per share. On average, research analysts forecast that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be issued a dividend of $0.87 per share. The ex-dividend date is Thursday, July 9th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the sale, the insider owned 16,429 shares of the company’s stock, valued at approximately $8,702,934.17. The trade was a 10.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the sale, the insider owned 3,322 shares of the company’s stock, valued at $1,793,880. This represents a 5.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 7,005 shares of company stock valued at $3,689,976. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MA. Morgan Stanley reissued an “overweight” rating and issued a $679.00 price target on shares of Mastercard in a research report on Friday, May 1st. Loop Capital reiterated a “buy” rating and issued a $631.00 target price on shares of Mastercard in a research report on Wednesday, June 3rd. Royal Bank Of Canada decreased their target price on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. TD Cowen lowered their price target on shares of Mastercard from $671.00 to $664.00 and set a “buy” rating on the stock in a report on Tuesday, July 7th. Finally, Susquehanna dropped their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research note on Friday, May 1st. Eight analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $653.92.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.