James Hambro & Partners Decreases Stake in Mastercard Incorporated (NYSE:MA)


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James Hambro & Partners lowered its holdings in Mastercard Incorporated (NYSE:MA) by 2.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,379 shares of the credit services provider’s stock after selling 127 shares during the period. Mastercard makes up 0.2% of James Hambro & Partners’ holdings, making the stock its 25th biggest holding. James Hambro & Partners’ holdings in Mastercard were worth $2,274,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MA. Welch Group LLC increased its stake in Mastercard by 20.8% in the 1st quarter. Welch Group LLC now owns 5,106 shares of the credit services provider’s stock valued at $1,818,000 after buying an additional 880 shares during the period. JustInvest LLC grew its position in Mastercard by 13.0% in the fourth quarter. JustInvest LLC now owns 9,750 shares of the credit services provider’s stock valued at $3,480,000 after acquiring an additional 1,120 shares in the last quarter. Sculptor Capital LP boosted its stake in shares of Mastercard by 49.5% during the 4th quarter. Sculptor Capital LP now owns 642,826 shares of the credit services provider’s stock valued at $229,450,000 after buying an additional 212,874 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Mastercard by 10.4% during the 4th quarter. Raymond James Trust N.A. now owns 18,372 shares of the credit services provider’s stock valued at $6,557,000 after buying an additional 1,731 shares during the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Mastercard by 1.6% during the 4th quarter. Bessemer Group Inc. now owns 688,208 shares of the credit services provider’s stock valued at $245,649,000 after buying an additional 11,103 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 Mastercard stock in a transaction dated Friday, February 5th. The stock was sold at an average price of $340.55, for a total value of $19,478,778.90. Following the completion of the transaction, the insider now directly owns 108,382,229 shares of the company’s stock, valued at approximately $36,909,568,085.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael Fraccaro sold 1,374 shares of Mastercard stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $370.00, for a total value of $508,380.00. Following the completion of the transaction, the insider now directly owns 7,640 shares of the company’s stock, valued at $2,826,800. The disclosure for this sale can be found here. Over the last three months, insiders sold 511,123 shares of company stock valued at $172,961,649. Corporate insiders own 3.79% of the company’s stock.

Several brokerages recently issued reports on MA. Jefferies Financial Group raised their price objective on Mastercard from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday. Truist Securities raised their price target on Mastercard from $415.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, March 9th. Macquarie raised their price target on Mastercard from $385.00 to $425.00 and gave the company an “outperform” rating in a report on Friday. Bank of America raised Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 target price on the stock in a report on Wednesday, January 6th. Finally, Morgan Stanley lifted their price target on Mastercard from $418.00 to $444.00 and gave the stock an “overweight” rating in a research note on Monday. Three investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $382.26.

Shares of NYSE MA opened at $377.08 on Tuesday. The firm has a market cap of $374.58 billion, a P/E ratio of 56.88, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.15. Mastercard Incorporated has a 1-year low of $263.01 and a 1-year high of $401.50. The business’s 50 day moving average is $374.49 and its 200-day moving average is $346.25.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, April 29th. The credit services provider reported $1.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.19. The company had revenue of $4.20 billion for the quarter, compared to analyst estimates of $3.97 billion. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.83 EPS. Analysts forecast that Mastercard Incorporated will post 6.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Thursday, April 8th. Mastercard’s dividend payout ratio (DPR) is presently 22.65%.

Mastercard Company Profile

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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