Mathes Company Inc. Trims Holdings in Mastercard Incorporated (NYSE:MA)

by · The Cerbat Gem

Mathes Company Inc. decreased its holdings in Mastercard Incorporated (NYSE:MAFree Report) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,554 shares of the credit services provider’s stock after selling 340 shares during the period. Mastercard comprises approximately 1.9% of Mathes Company Inc.’s holdings, making the stock its 17th largest holding. Mathes Company Inc.’s holdings in Mastercard were worth $4,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of MA. Norges Bank purchased a new stake in Mastercard in the fourth quarter worth $6,022,224,000. GAMMA Investing LLC increased its stake in Mastercard by 65,631.5% in the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after purchasing an additional 8,213,123 shares during the period. Northern Trust Corp increased its stake in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. Sanders Capital LLC purchased a new stake in Mastercard in the fourth quarter worth $617,303,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Mastercard in the fourth quarter valued at about $561,313,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $550.04 on Friday. Mastercard Incorporated has a fifty-two week low of $428.86 and a fifty-two week high of $594.71. The firm has a market capitalization of $501.48 billion, a price-to-earnings ratio of 38.57, a PEG ratio of 2.45 and a beta of 1.02. 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 stock’s 50-day simple moving average is $568.42 and its 200-day simple moving average is $547.67.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping 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 business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the previous year, the firm earned $3.31 earnings per share. The company’s revenue was up 14.2% on a year-over-year basis. As a group, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 21.32%.

Insider Transactions at Mastercard

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the sale, the insider owned 58,451 shares of the company’s stock, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the sale, the insider directly owned 23,624 shares of the company’s stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

MA has been the subject of several recent research reports. Macquarie decreased their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. UBS Group lifted their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a report on Friday, June 6th. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Seven analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $611.50.

View Our Latest Analysis on MA

Mastercard Company 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.

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