Handelsinvest Investeringsforvaltning Has $2.52 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Handelsinvest Investeringsforvaltning lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 15.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,229 shares of the credit services provider’s stock after selling 945 shares during the period. Mastercard makes up about 1.2% of Handelsinvest Investeringsforvaltning’s holdings, making the stock its 11th biggest position. Handelsinvest Investeringsforvaltning’s holdings in Mastercard were worth $2,518,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MA. Altshuler Shaham Ltd bought a new position in Mastercard in the fourth quarter worth approximately $26,000. VitalStone Financial LLC boosted its holdings in Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in Mastercard in the fourth quarter worth approximately $27,000. Westend Capital Management LLC bought a new position in Mastercard in the first quarter worth approximately $27,000. Finally, Scarborough Advisors LLC bought a new position in Mastercard in the fourth quarter worth approximately $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the transaction, the insider now owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the transaction, the insider now owns 3,463 shares of the company’s stock, valued at approximately $1,572,202. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 111,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total value of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at approximately $44,541,179,602.20. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock worth $1,428,540,870 in the last ninety days. 0.10% of the stock is owned by company insiders.

Mastercard Price Performance

MA opened at $446.46 on Wednesday. The stock has a 50-day moving average price of $451.12 and a 200-day moving average price of $453.44. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $415.03 billion, a P/E ratio of 35.35, a PEG ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 EPS. Equities analysts predict that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Morgan Stanley dropped their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Evercore ISI dropped their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. TD Cowen began coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Susquehanna reaffirmed a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. decreased their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.