Investment House LLC Sells 4,090 Shares of Mastercard Incorporated (NYSE:MA)

Investment House LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 19.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,378 shares of the credit services provider’s stock after selling 4,090 shares during the period. Investment House LLC’s holdings in Mastercard were worth $7,412,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Activest Wealth Management raised its position in shares of Mastercard by 87.4% during the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after purchasing an additional 250 shares during the period. Cross Staff Investments Inc increased its holdings in Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after acquiring an additional 441 shares during the last quarter. Everett Harris & Co. CA increased its holdings in Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after acquiring an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp increased its holdings in Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after acquiring an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Performance

NYSE:MA traded down $5.21 during trading hours on Monday, hitting $457.21. 1,094,116 shares of the company were exchanged, compared to its average volume of 2,393,866. The company’s 50 day moving average price is $471.35 and its 200-day moving average price is $436.61. The stock has a market capitalization of $426.53 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.17 and a quick ratio of 1.17. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same quarter in the prior year, the business earned $2.65 earnings per share. As a group, research analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.58%. Mastercard’s payout ratio is currently 22.32%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 114,000 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $462.57, for a total transaction of $52,732,980.00. Following the sale, the insider now owns 96,767,308 shares in the company, valued at $44,761,653,661.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 114,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $462.57, for a total value of $52,732,980.00. Following the transaction, the insider now directly owns 96,767,308 shares of the company’s stock, valued at $44,761,653,661.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.94, for a total transaction of $7,632,649.78. Following the completion of the transaction, the chief marketing officer now directly owns 12,255 shares in the company, valued at $5,832,644.70. The disclosure for this sale can be found here. Insiders have sold 480,630 shares of company stock worth $221,479,470 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MA. William Blair reissued an “outperform” rating on shares of Mastercard in a research note on Wednesday, January 31st. Robert W. Baird lifted their price objective 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. Oppenheimer reissued an “outperform” rating and issued a $510.00 price objective on shares of Mastercard in a research note on Thursday, February 1st. KeyCorp lifted their price objective on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

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.