Mastercard Incorporated (NYSE:MA) Holdings Decreased by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,453 shares of the credit services provider’s stock after selling 270 shares during the period. Mastercard comprises about 2.0% of S.E.E.D. Planning Group LLC’s holdings, making the stock its 20th largest holding. S.E.E.D. Planning Group LLC’s holdings in Mastercard were worth $5,515,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Activest Wealth Management increased its stake 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 worth $229,000 after purchasing an additional 250 shares during the last quarter. Cross Staff Investments Inc increased its stake in shares of Mastercard by 16.3% during the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the last quarter. Everett Harris & Co. CA increased its stake in shares of Mastercard by 0.5% during the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in shares of Mastercard by 23.9% during the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in shares of Mastercard by 7.2% during the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after buying an additional 33 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the completion of the sale, the insider now owns 95,930,308 shares in the company, valued at approximately $43,413,260,885.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 151,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $452.55, for a total value of $68,335,050.00. Following the transaction, the insider now owns 95,930,308 shares of the company’s stock, valued at approximately $43,413,260,885.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the transaction, the insider now directly owns 3,463 shares in the company, valued at approximately $1,572,202. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MA. Mizuho decreased their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Susquehanna reissued a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Finally, Robert W. Baird increased their price target on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Mastercard Price Performance

Shares of Mastercard stock traded down $1.59 during mid-day trading on Friday, reaching $441.16. 4,105,179 shares of the stock were exchanged, compared to its average volume of 2,467,253. The company has a market cap of $410.11 billion, a price-to-earnings ratio of 35.06, a price-to-earnings-growth ratio of 1.73 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. The firm has a 50-day simple moving average of $451.50 and a 200 day simple moving average of $452.88. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s payout ratio is presently 20.99%.

About Mastercard

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.