Paragon Advisors LLC Trims Stock Holdings in Mastercard Incorporated (NYSE:MA)


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Paragon Advisors LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,540 shares of the credit services provider’s stock after selling 544 shares during the quarter. Mastercard makes up about 1.1% of Paragon Advisors LLC’s portfolio, making the stock its 22nd biggest position. Paragon Advisors LLC’s holdings in Mastercard were worth $1,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MA. Veracity Capital LLC increased its holdings in Mastercard by 1.1% in the first quarter. Veracity Capital LLC now owns 2,658 shares of the credit services provider’s stock valued at $947,000 after buying an additional 28 shares in the last quarter. Bigelow Investment Advisors LLC increased its holdings in Mastercard by 1.3% in the fourth quarter. Bigelow Investment Advisors LLC now owns 2,394 shares of the credit services provider’s stock valued at $855,000 after buying an additional 30 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its holdings in Mastercard by 2.9% in the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 1,049 shares of the credit services provider’s stock valued at $374,000 after buying an additional 30 shares in the last quarter. Field & Main Bank grew its position in shares of Mastercard by 2.0% in the fourth quarter. Field & Main Bank now owns 1,533 shares of the credit services provider’s stock valued at $547,000 after purchasing an additional 30 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its position in shares of Mastercard by 0.5% in the third quarter. Kingsview Wealth Management LLC now owns 7,045 shares of the credit services provider’s stock valued at $2,382,000 after purchasing an additional 32 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

In other news, major shareholder Foundation Mastercard sold 57,198 shares of the business’s stock in a transaction dated Tuesday, January 19th. The shares were sold at an average price of $327.14, for a total value of $18,711,753.72. Following the completion of the sale, the insider now owns 109,068,605 shares of the company’s stock, valued at approximately $35,680,703,439.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Fraccaro sold 2,748 shares of the business’s stock in a transaction dated Monday, March 29th. The stock was sold at an average price of $364.24, for a total transaction of $1,000,931.52. Following the completion of the sale, the insider now directly owns 9,014 shares of the company’s stock, valued at approximately $3,283,259.36. The disclosure for this sale can be found here. Insiders have sold a total of 755,220 shares of company stock worth $249,649,372 in the last ninety days. 3.79% of the stock is currently owned by insiders.

Shares of MA stock opened at $379.84 on Tuesday. The company’s fifty day simple moving average is $365.09 and its 200-day simple moving average is $341.75. Mastercard Incorporated has a 52 week low of $244.10 and a 52 week high of $389.50. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.15. The company has a market cap of $377.32 billion, a PE ratio of 56.95, a P/E/G ratio of 2.56 and a beta of 1.19.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, January 28th. The credit services provider reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.13. Mastercard had a net margin of 43.13% and a return on equity of 114.80%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter last year, the firm posted $2.07 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 6.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Thursday, April 8th. Mastercard’s dividend payout ratio is presently 22.65%.

Several research firms have recently commented on MA. Barclays increased their price target on shares of Mastercard from $360.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, January 25th. Bank of America upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 price target on the stock in a research report on Wednesday, January 6th. Truist Securities increased their price target on shares of Mastercard from $415.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, March 9th. Truist increased their price target on shares of Mastercard from $415.00 to $450.00 in a research report on Friday, March 5th. Finally, Morgan Stanley increased their price target on shares of Mastercard from $377.00 to $412.00 and gave the company an “overweight” rating in a research report on Monday, March 22nd. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Mastercard has an average rating of “Buy” and an average price target of $368.37.

About Mastercard

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 related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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