Mastercard Incorporated (NYSE:MA) Stock Position Decreased by Chapman Investment Management LLC

Chapman Investment Management LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,434 shares of the credit services provider’s stock after selling 163 shares during the quarter. Mastercard makes up about 8.0% of Chapman Investment Management LLC’s portfolio, making the stock its 3rd biggest holding. Chapman Investment Management LLC’s holdings in Mastercard were worth $10,804,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Activest Wealth Management raised its holdings 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 acquiring an additional 250 shares during the period. Cross Staff Investments Inc grew its stake in shares of Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares during the period. Everett Harris & Co. CA increased its holdings 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 buying an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp raised its position 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 valued at $5,171,000 after buying an additional 2,337 shares during the period. Finally, J.Safra Asset Management Corp lifted its holdings in Mastercard by 7.2% in the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 111,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the transaction, the insider now directly owns 97,432,308 shares in the company, valued at $44,541,179,602.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Foundation Mastercard sold 111,000 shares of Mastercard stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the transaction, the insider now directly owns 97,432,308 shares of the company’s stock, valued at $44,541,179,602.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total value of $136,200.00. Following the completion of the sale, 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. Insiders sold 3,163,228 shares of company stock worth $1,428,540,870 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MA. JPMorgan Chase & Co. lowered their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Piper Sandler initiated coverage on Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price for the company. Susquehanna reaffirmed a “positive” rating and issued a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Mizuho decreased their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, Barclays cut their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $498.57.

Mastercard Stock Performance

NYSE:MA traded up $2.74 during mid-day trading on Thursday, reaching $436.38. The stock had a trading volume of 4,032,569 shares, compared to its average volume of 2,484,578. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The business has a 50 day simple moving average of $449.41 and a 200 day simple moving average of $454.32. The firm has a market capitalization of $405.67 billion, a price-to-earnings ratio of 34.45, a PEG ratio of 1.74 and a beta of 1.09. 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 posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period last year, the firm earned $2.80 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts expect that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio (DPR) 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.