Matrix Private Capital Group LLC Trims Stake in Mastercard Incorporated (NYSE:MA)

Matrix Private Capital Group LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 678 shares of the credit services provider’s stock after selling 55 shares during the period. Matrix Private Capital Group LLC’s holdings in Mastercard were worth $246,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sigma Investment Counselors Inc. lifted its position in shares of Mastercard by 13.8% during the first quarter. Sigma Investment Counselors Inc. now owns 808 shares of the credit services provider’s stock worth $294,000 after purchasing an additional 98 shares during the last quarter. Bell Bank lifted its holdings in Mastercard by 2.0% during the 1st quarter. Bell Bank now owns 1,908 shares of the credit services provider’s stock valued at $693,000 after buying an additional 38 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Mastercard by 88.7% in the 1st quarter. Summit Trail Advisors LLC now owns 8,503 shares of the credit services provider’s stock valued at $3,090,000 after buying an additional 3,998 shares during the period. CMH Wealth Management LLC grew its stake in Mastercard by 0.4% in the 1st quarter. CMH Wealth Management LLC now owns 11,201 shares of the credit services provider’s stock worth $4,071,000 after acquiring an additional 49 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its position in shares of Mastercard by 25.4% during the first quarter. Hennessy Advisors Inc. now owns 4,747 shares of the credit services provider’s stock worth $1,725,000 after acquiring an additional 961 shares during the period. Institutional investors own 74.94% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $414.84 on Friday. The firm has a market capitalization of $390.87 billion, a P/E ratio of 38.88, a PEG ratio of 1.86 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $276.87 and a 52 week high of $417.78. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.57. The company has a 50 day moving average price of $399.72 and a 200 day moving average price of $379.65.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, topping the consensus estimate of $2.84 by $0.05. Mastercard had a net margin of 43.37% and a return on equity of 178.10%. The business had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. Sell-side analysts expect that Mastercard Incorporated will post 12.13 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend was Thursday, July 6th. Mastercard’s dividend payout ratio is presently 21.37%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 10,838 shares of Mastercard stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the completion of the sale, the chief financial officer now directly owns 20,707 shares in the company, valued at approximately $8,166,426.66. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 10,838 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $394.38, for a total transaction of $4,274,290.44. Following the sale, the chief financial officer now directly owns 20,707 shares of the company’s stock, valued at approximately $8,166,426.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total value of $2,533,200.00. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $18,596,400. The disclosure for this sale can be found here. Insiders sold a total of 412,431 shares of company stock worth $163,412,654 over the last three months. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MA shares. 888 reissued a “reiterates” rating on shares of Mastercard in a research note on Friday, June 30th. BMO Capital Markets raised their price target on Mastercard from $463.00 to $488.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Mizuho restated a “buy” rating and issued a $435.00 price objective on shares of Mastercard in a report on Tuesday, August 29th. Susquehanna increased their target price on shares of Mastercard from $433.00 to $486.00 and gave the stock a “positive” rating in a report on Friday, July 28th. Finally, Credit Suisse Group boosted their price target on shares of Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $440.96.

Mastercard Company Profile

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.