Mastercard Incorporated (NYSE:MA) Stake Trimmed by First Financial Corp IN

First Financial Corp IN trimmed its position in Mastercard Incorporated (NYSE:MA) by 24.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 914 shares of the credit services provider’s stock after selling 301 shares during the quarter. First Financial Corp IN’s holdings in Mastercard were worth $440,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MA. Hoxton Planning & Management LLC grew its holdings in shares of Mastercard by 1.4% during the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC grew its holdings 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 valued at $206,000 after acquiring an additional 23 shares in the last quarter. Cypress Wealth Services LLC increased its stake in shares of Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC raised its holdings in shares of Mastercard by 1.2% during the fourth quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after acquiring an additional 24 shares in the last quarter. Finally, TRUE Private Wealth Advisors grew its stake in Mastercard by 2.4% in the fourth quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock valued at $442,000 after purchasing an additional 24 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.5 %

Shares of MA traded down $2.17 on Wednesday, reaching $453.48. 790,140 shares of the company’s stock were exchanged, compared to its average volume of 2,426,688. The business has a 50 day moving average price of $452.17 and a two-hundred day moving average price of $452.78. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The stock has a market capitalization of $421.56 billion, a P/E ratio of 35.95, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.58%. Mastercard’s payout ratio is currently 20.99%.

Insider Activity

In related news, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at $26,362,683.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 131,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $459.46, for a total transaction of $60,189,260.00. Following the completion of the sale, the insider now directly owns 92,426,308 shares of the company’s stock, valued at approximately $42,466,191,473.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the transaction, the insider now directly owns 58,940 shares in the company, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Insiders sold a total of 3,025,228 shares of company stock valued at $1,366,000,650 in the last ninety days. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Evercore ISI reduced their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday. Mizuho reduced their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Piper Sandler began coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 target price on the stock. Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Morgan Stanley lowered their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard 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.