Handelsinvest Investeringsforvaltning Sells 945 Shares of Mastercard Incorporated (NYSE:MA)

Handelsinvest Investeringsforvaltning decreased its holdings in Mastercard Incorporated (NYSE:MA) by 15.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,229 shares of the credit services provider’s stock after selling 945 shares during the period. Mastercard comprises approximately 1.2% of Handelsinvest Investeringsforvaltning’s investment portfolio, making the stock its 11th biggest holding. Handelsinvest Investeringsforvaltning’s holdings in Mastercard were worth $2,518,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Hoxton Planning & Management LLC lifted its position in shares of Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after purchasing an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in shares of Mastercard by 5.0% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares during the last quarter. Benin Management CORP lifted its position in shares of Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the last quarter. Atticus Wealth Management LLC lifted its position in shares of Mastercard by 1.3% during the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares during the last quarter. Finally, Cypress Wealth Services LLC lifted its position in shares of Mastercard by 2.9% during the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 24 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.4 %

NYSE:MA opened at $446.46 on Wednesday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average price of $451.12 and a two-hundred day moving average price of $453.44. The stock has a market capitalization of $415.03 billion, a price-to-earnings ratio of 35.35, a PEG ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.80 EPS. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Hai Ling sold 2,892 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total value of $1,330,320.00. Following the sale, the insider now directly owns 21,420 shares in the company, valued at $9,853,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on MA. Evercore ISI decreased their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird lifted their price target on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Wells Fargo & Company lifted their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research note on Wednesday, April 3rd. Finally, Piper Sandler began coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

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.