Northwestern Mutual Wealth Management Co. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,478 shares of the credit services provider’s stock after selling 952 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Mastercard were worth $18,836,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Integrated Investment Consultants LLC boosted its position in Mastercard by 260.0% in the first quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock valued at $101,000 after buying an additional 650 shares in the last quarter. Lipe & Dalton acquired a new position in Mastercard during the first quarter valued at $101,000. Kistler Tiffany Companies LLC boosted its position in Mastercard by 10.9% in the first quarter. Kistler Tiffany Companies LLC now owns 1,019 shares of the credit services provider’s stock valued at $115,000 after buying an additional 100 shares in the last quarter. Israel Discount Bank of New York GFN acquired a new position in Mastercard during the fourth quarter valued at $110,000. Finally, Archford Capital Strategies LLC boosted its position in Mastercard by 767.6% in the fourth quarter. Archford Capital Strategies LLC now owns 1,258 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,113 shares in the last quarter. 75.83% of the stock is currently owned by institutional investors.
Shares of Mastercard Incorporated (NYSE:MA) traded down 0.79% during midday trading on Friday, hitting $127.91. The stock had a trading volume of 5,257,924 shares. Mastercard Incorporated has a 52-week low of $94.41 and a 52-week high of $132.20. The stock has a market cap of $136.21 billion, a PE ratio of 31.74 and a beta of 1.17. The firm has a 50 day moving average price of $124.61 and a 200-day moving average price of $116.07.
Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 EPS. Equities analysts predict that Mastercard Incorporated will post $4.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.69%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
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Several research firms have weighed in on MA. Loop Capital boosted their price objective on Mastercard from $132.00 to $144.00 and gave the stock a “positive” rating in a research report on Friday. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on Mastercard from $126.00 to $137.00 and gave the company an “outperform” rating in a research note on Friday. Cowen and Company reiterated an “outperform” rating and set a $137.00 price objective (up from $129.00) on shares of Mastercard in a research note on Sunday. Oppenheimer Holdings, Inc. boosted their price objective on Mastercard and gave the company an “outperform” rating in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $147.00 price objective (up from $140.00) on shares of Mastercard in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $128.20.
In other Mastercard news, CEO Ajay Banga sold 161,742 shares of Mastercard stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $117.27, for a total value of $18,967,484.34. Following the transaction, the chief executive officer now directly owns 333,495 shares in the company, valued at $39,108,958.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction dated Thursday, July 20th. The stock was sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the transaction, the insider now owns 112,649,063 shares in the company, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 629,038 shares of company stock valued at $79,003,630. 0.30% of the stock is owned by corporate insiders.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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