Prudent Man Advisors LLC Sells 110 Shares of Mastercard Incorporated (NYSE:MA)

Prudent Man Advisors LLC lessened its holdings in Mastercard Incorporated (NYSE:MAGet Rating) by 4.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,194 shares of the credit services provider’s stock after selling 110 shares during the period. Prudent Man Advisors LLC’s holdings in Mastercard were worth $784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. PrairieView Partners LLC boosted its stake in Mastercard by 58.2% in the 1st quarter. PrairieView Partners LLC now owns 87 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 32 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $37,000. Western Pacific Wealth Management LP purchased a new position in shares of Mastercard during the fourth quarter worth about $39,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Mastercard in the first quarter worth approximately $44,000. Finally, American National Bank purchased a new stake in shares of Mastercard during the 1st quarter valued at $46,000. Hedge funds and other institutional investors own 74.94% of the company’s stock.

Mastercard Price Performance

MA stock opened at $357.51 on Friday. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50 day moving average price of $335.68 and a 200-day moving average price of $347.77. Mastercard Incorporated has a 52-week low of $303.65 and a 52-week high of $399.92. The firm has a market capitalization of $345.49 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 1.69 and a beta of 1.04.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The credit services provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.20. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. The business had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. Equities research analysts forecast that Mastercard Incorporated will post 10.64 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be paid a dividend of $0.49 per share. The ex-dividend date is Thursday, July 7th. This represents a $1.96 dividend on an annualized basis and a yield of 0.55%. Mastercard’s dividend payout ratio is currently 19.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on Mastercard from $430.00 to $425.00 in a research report on Wednesday, July 20th. Piper Sandler dropped their target price on Mastercard from $357.00 to $298.00 and set an “underweight” rating for the company in a research report on Wednesday, July 6th. BMO Capital Markets increased their price target on shares of Mastercard from $402.00 to $422.00 in a research report on Monday, August 1st. Wells Fargo & Company decreased their price target on shares of Mastercard from $450.00 to $400.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Mastercard from $420.00 to $440.00 in a report on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $414.55.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 106,326 shares of the company’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $327.74, for a total value of $34,847,283.24. Following the transaction, the insider now directly owns 103,841,972 shares of the company’s stock, valued at approximately $34,033,167,903.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 318,982 shares of company stock valued at $105,338,500. Insiders own 0.33% of the company’s stock.

About Mastercard

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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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