Apeiron RIA LLC Trims Position in Mastercard Incorporated $MA

by · The Cerbat Gem

Apeiron RIA LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 508 shares of the credit services provider’s stock after selling 47 shares during the quarter. Apeiron RIA LLC’s holdings in Mastercard were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MA. Brighton Jones LLC increased its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Mastercard by 11.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock worth $37,108,000 after purchasing an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new stake in shares of Mastercard in the 4th quarter worth $73,000. Trustco Bank Corp N Y purchased a new stake in shares of Mastercard in the 4th quarter worth $211,000. Finally, Nicholas Investment Partners LP purchased a new stake in shares of Mastercard in the 4th quarter worth $319,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Up 1.7%

MA opened at $589.12 on Friday. The firm has a 50-day simple moving average of $574.32 and a two-hundred day simple moving average of $558.24. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a market capitalization of $532.57 billion, a PE ratio of 39.72, a price-to-earnings-growth ratio of 2.37 and a beta of 0.99. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The business’s revenue was up 16.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard’s dividend payout ratio is 20.50%.

Insider Buying and Selling at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the transaction, the insider owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director directly owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,094 shares of company stock worth $26,521,861. Insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Wells Fargo & Company increased their price target on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. TD Cowen reiterated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Finally, Truist Financial cut their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $626.54.

Get Our Latest Research Report on MA

Mastercard Profile

(Free Report)

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.

See Also

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