Mastercard Incorporated (NYSE:MA) Stock Holdings Decreased by Barrett Asset Management LLC

Barrett Asset Management LLC reduced its position in Mastercard Incorporated (NYSE:MAGet Rating) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,684 shares of the credit services provider’s stock after selling 352 shares during the period. Barrett Asset Management LLC’s holdings in Mastercard were worth $1,316,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in MA. Hoey Investments Inc. grew its position in Mastercard by 2,757.1% during the fourth quarter. Hoey Investments Inc. now owns 200 shares of the credit services provider’s stock valued at $72,000 after purchasing an additional 193 shares in the last quarter. Regal Investment Advisors LLC grew its position in Mastercard by 2.1% during the fourth quarter. Regal Investment Advisors LLC now owns 2,579 shares of the credit services provider’s stock valued at $927,000 after purchasing an additional 53 shares in the last quarter. Vaughan David Investments LLC IL bought a new stake in Mastercard in the fourth quarter worth approximately $207,000. International Assets Investment Management LLC grew its position in Mastercard by 34.4% in the fourth quarter. International Assets Investment Management LLC now owns 5,132 shares of the credit services provider’s stock worth $1,844,000 after acquiring an additional 1,314 shares in the last quarter. Finally, Exencial Wealth Advisors LLC grew its position in Mastercard by 4.4% in the fourth quarter. Exencial Wealth Advisors LLC now owns 35,183 shares of the credit services provider’s stock worth $12,642,000 after acquiring an additional 1,498 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

NYSE:MA opened at $335.85 on Friday. The stock has a market cap of $324.56 billion, a P/E ratio of 34.03, a PEG ratio of 1.53 and a beta of 1.06. Mastercard Incorporated has a one year low of $303.65 and a one year high of $399.92. The company has a fifty day moving average price of $339.10 and a 200 day moving average price of $342.27. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.26 and a quick ratio of 1.26.

Mastercard (NYSE:MAGet Rating) last released its earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.36 by $0.20. The firm had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 EPS. Analysts anticipate that Mastercard Incorporated will post 10.65 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 9th. Stockholders of record on Friday, July 8th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, July 7th. Mastercard’s dividend payout ratio is 19.86%.

Insider Activity

In other news, CFO J. Mehra Sachin sold 5,000 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $360.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief financial officer now owns 15,723 shares in the company, valued at approximately $5,660,280. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.29% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Mastercard from $452.00 to $457.00 and gave the stock an “overweight” rating in a research report on Friday, July 29th. Robert W. Baird decreased their target price on shares of Mastercard from $470.00 to $416.00 in a research report on Wednesday, July 20th. Citigroup decreased their target price on shares of Mastercard from $453.00 to $415.00 in a research report on Tuesday, July 26th. Piper Sandler decreased their target price on shares of Mastercard from $357.00 to $298.00 and set an “underweight” rating for the company in a research report on Wednesday, July 6th. Finally, Truist Financial decreased their target price on shares of Mastercard from $450.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $414.09.

Mastercard Company Profile

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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 other payment-related products and services.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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