Mastercard Incorporated (NYSE:MA) Shares Sold by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 11.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,211 shares of the credit services provider’s stock after selling 160 shares during the period. Hillsdale Investment Management Inc.’s holdings in Mastercard were worth $583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisor Resource Council acquired a new position in shares of Mastercard in the 4th quarter valued at $601,000. Mutual Advisors LLC raised its position in Mastercard by 3.0% in the 4th quarter. Mutual Advisors LLC now owns 4,759 shares of the credit services provider’s stock valued at $2,030,000 after purchasing an additional 138 shares during the last quarter. Compagnie Lombard Odier SCmA raised its position in Mastercard by 122.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,815 shares of the credit services provider’s stock valued at $774,000 after purchasing an additional 1,000 shares during the last quarter. Cooper Financial Group raised its position in Mastercard by 12.4% in the 4th quarter. Cooper Financial Group now owns 3,069 shares of the credit services provider’s stock valued at $1,309,000 after purchasing an additional 338 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in Mastercard by 43.8% in the 4th quarter. CoreCap Advisors LLC now owns 1,490 shares of the credit services provider’s stock valued at $636,000 after purchasing an additional 454 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Sandra A. Arkell sold 300 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the transaction, the insider now directly owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Hai Ling sold 2,892 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $460.00, for a total transaction of $1,330,320.00. Following the transaction, the insider now owns 21,420 shares in the company, valued at $9,853,200. The disclosure for this sale can be found here. Insiders have sold a total of 2,943,228 shares of company stock worth $1,327,934,080 in the last three months. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

NYSE MA traded down $4.23 during trading hours on Tuesday, reaching $443.71. The company’s stock had a trading volume of 622,532 shares, compared to its average volume of 2,472,846. The stock has a market cap of $412.48 billion, a PE ratio of 35.61, a PEG ratio of 1.75 and a beta of 1.09. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The company’s 50-day moving average is $448.28 and its two-hundred day moving average is $455.72. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the company earned $2.80 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts forecast that Mastercard Incorporated will post 14.25 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.59%. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Ratings Changes

Several analysts recently commented on MA shares. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and reduced their price target for the company from $505.00 to $480.00 in a research report on Wednesday, July 10th. Susquehanna reiterated a “positive” rating and issued a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Evercore ISI reduced their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $510.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday, July 18th. Finally, Piper Sandler began coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. Three research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $498.13.

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.