Mastercard Incorporated (NYSE:MA) Shares Sold by Nikulski Financial Inc.

by · The Cerbat Gem

Nikulski Financial Inc. reduced its stake in Mastercard Incorporated (NYSE:MA – Free Report) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,642 shares of the credit services provider’s stock after selling 62 shares during the period. Nikulski Financial Inc.’s holdings in Mastercard were worth $1,996,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Measured Risk Portfolios Inc. purchased a new position in Mastercard in the fourth quarter valued at approximately $31,000. Navigoe LLC purchased a new position in Mastercard in the fourth quarter valued at approximately $33,000. 10Elms LLP purchased a new position in shares of Mastercard during the fourth quarter worth approximately $33,000. Truvestments Capital LLC grew its position in shares of Mastercard by 62.5% during the fourth quarter. Truvestments Capital LLC now owns 65 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 25 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Mastercard during the fourth quarter worth approximately $36,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the topic of a number of research reports. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. UBS Group raised their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. The Goldman Sachs Group restated a “buy” rating and set a $633.00 target price on shares of Mastercard in a research report on Wednesday, April 2nd. Truist Financial initiated coverage on shares of Mastercard in a research report on Monday, June 2nd. They set a “buy” rating and a $640.00 target price on the stock. Finally, Macquarie lowered their target price on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

View Our Latest Research Report on Mastercard

Mastercard Price Performance

Mastercard stock opened at $550.04 on Friday. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71. The company has a debt-to-equity ratio of 2.81, a quick ratio of 1.11 and a current ratio of 1.11. The business has a fifty day moving average of $568.42 and a two-hundred day moving average of $547.67. The company has a market cap of $501.48 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02.

Mastercard (NYSE:MA – Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter last year, the company earned $3.31 earnings per share. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, analysts predict 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, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 21.32%.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,753 shares of company stock worth $20,351,084. Corporate insiders own 0.09% of the company’s stock.

About Mastercard

(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.

Further Reading

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