Mastercard Incorporated $MA Shares Sold by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 4.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,026 shares of the credit services provider’s stock after selling 152 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Mastercard were worth $1,709,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MA. Brighton Jones LLC lifted its holdings in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Brookstone Capital Management lifted its holdings in Mastercard by 3.1% in the first quarter. Brookstone Capital Management now owns 8,292 shares of the credit services provider’s stock valued at $4,545,000 after acquiring an additional 246 shares during the last quarter. Novare Capital Management LLC lifted its holdings in Mastercard by 8.8% in the first quarter. Novare Capital Management LLC now owns 419 shares of the credit services provider’s stock valued at $229,000 after acquiring an additional 34 shares during the last quarter. Whelan Financial lifted its holdings in Mastercard by 119.0% in the first quarter. Whelan Financial now owns 1,016 shares of the credit services provider’s stock valued at $557,000 after acquiring an additional 552 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. lifted its holdings in Mastercard by 7.8% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 455 shares of the credit services provider’s stock valued at $250,000 after acquiring an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MA. KeyCorp reissued an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research report on Wednesday, October 22nd. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. UBS Group boosted their target price on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen reissued a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Finally, Cowen reissued a “buy” rating on shares of Mastercard in a research report on Friday. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $647.89.

Mastercard Stock Down 0.2%

Mastercard stock opened at $552.59 on Monday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock’s fifty day simple moving average is $576.43 and its 200-day simple moving average is $568.44. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $499.54 billion, a P/E ratio of 37.26, a P/E/G ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the company earned $3.89 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 19.44%.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

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.