State of Wyoming Sells 3,619 Shares of Mastercard Incorporated $MA

State of Wyoming decreased its position in Mastercard Incorporated (NYSE:MAFree Report) by 71.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,456 shares of the credit services provider’s stock after selling 3,619 shares during the period. State of Wyoming’s holdings in Mastercard were worth $728,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MA. J. Stern & Co. LLP increased its holdings in shares of Mastercard by 53,535.0% in the fourth quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after acquiring an additional 72,461,743 shares in the last quarter. Norges Bank acquired a new stake in shares of Mastercard during the fourth quarter worth about $6,705,708,000. Cardano Risk Management B.V. lifted its holdings in shares of Mastercard by 861.6% during the 4th quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after purchasing an additional 3,648,748 shares in the last quarter. State Street Corp lifted its holdings in shares of Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after purchasing an additional 997,536 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Mastercard in the 4th quarter valued at approximately $497,311,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 0.3%

NYSE:MA opened at $530.52 on Friday. The stock has a 50-day simple moving average of $507.37 and a 200 day simple moving average of $514.85. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77. The company has a market cap of $468.75 billion, a PE ratio of 30.70, a PEG ratio of 1.66 and a beta of 0.73. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter in the previous year, the business posted $3.73 EPS. The business’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts expect that Mastercard Incorporated will post 19.62 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Thursday, July 9th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s payout ratio is currently 20.14%.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group reissued a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Weiss Ratings cut shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Citigroup lowered their price objective on shares of Mastercard from $735.00 to $675.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Loop Capital restated a “buy” rating and set a $631.00 price objective on shares of Mastercard in a report on Wednesday, June 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $679.00 price objective on shares of Mastercard in a research report on Friday, May 1st. Eight investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $653.92.

Get Our Latest Stock Analysis on MA

Insiders Place Their Bets

In other Mastercard news, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction on Monday, July 6th. The shares were sold at an average price of $540.00, for a total value of $108,000.00. Following the sale, the insider directly owned 3,322 shares in the company, valued at approximately $1,793,880. The trade was a 5.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the completion of the sale, the insider owned 16,429 shares in the company, valued at $8,702,934.17. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 7,005 shares of company stock worth $3,689,976. 0.09% of the stock is currently owned by insiders.

About Mastercard

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.