Mastercard Incorporated (NYSE:MA) Shares Sold by Whalerock Point Partners LLC

Whalerock Point Partners LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 99.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,005 shares of the credit services provider’s stock after selling 12,999,580 shares during the period. Mastercard makes up 1.7% of Whalerock Point Partners LLC’s holdings, making the stock its 14th biggest holding. Whalerock Point Partners LLC’s holdings in Mastercard were worth $6,263,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Mastercard in the fourth quarter worth approximately $4,595,559,000. International Assets Investment Management LLC lifted its stake in Mastercard by 43,445.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after acquiring an additional 2,929,940 shares during the last quarter. Vanguard Group Inc. lifted its stake in Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after acquiring an additional 742,076 shares during the last quarter. Capital International Investors lifted its stake in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after acquiring an additional 676,452 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock traded up $6.15 during midday trading on Tuesday, hitting $447.45. The company’s stock had a trading volume of 2,261,106 shares, compared to its average volume of 2,488,075. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The company has a market capitalization of $415.95 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. The stock’s 50-day moving average price is $445.90 and its 200-day moving average price is $456.31.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same period in the prior year, the firm earned $2.80 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 14.25 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on MA. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $505.00 to $480.00 in a research report on Wednesday, July 10th. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. Susquehanna restated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Piper Sandler started coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. Finally, Evercore ISI cut 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. Three equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $501.23.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $441.43, for a total transaction of $48,557,300.00. Following the completion of the transaction, the insider now directly owns 94,014,308 shares of the company’s stock, valued at $41,500,735,980.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 110,000 shares of Mastercard stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $441.43, for a total value of $48,557,300.00. Following the completion of the sale, the insider now directly owns 94,014,308 shares in the company, valued at $41,500,735,980.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Raj Seshadri sold 5,216 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total value of $2,330,039.36. Following the transaction, the insider now owns 15,183 shares of the company’s stock, valued at $6,782,397.93. The disclosure for this sale can be found here. Insiders sold a total of 2,720,228 shares of company stock valued at $1,224,758,080 over the last ninety days. 0.10% of the stock is owned by company insiders.

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.