Northwestern Mutual Wealth Management Co. lowered its stake in Mastercard Incorporated (NYSE:MA) by 0.6% during the first quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC raised its stake in Mastercard by 74.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 190,450 shares of the credit services provider’s stock valued at $21,420,000 after buying an additional 81,150 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new position in shares of Mastercard during the first quarter valued at approximately $33,879,000. Ingalls & Snyder LLC increased its position in shares of Mastercard by 16.6% in the first quarter. Ingalls & Snyder LLC now owns 16,739 shares of the credit services provider’s stock valued at $1,883,000 after buying an additional 2,389 shares during the period. Cutter & CO Brokerage Inc. acquired a new position in shares of Mastercard during the first quarter valued at approximately $526,000. Finally, Airain ltd acquired a new position in shares of Mastercard during the first quarter valued at approximately $364,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.
Mastercard Incorporated (NYSE:MA) opened at 131.09 on Tuesday. The company’s 50-day moving average price is $126.79 and its 200 day moving average price is $117.76. Mastercard Incorporated has a 1-year low of $94.41 and a 1-year high of $132.20. The firm has a market capitalization of $139.60 billion, a PE ratio of 32.53 and a beta of 1.17.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion for 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 quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post $4.40 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Stockholders of record on Friday, July 7th were paid a dividend of $0.22 per share. The ex-dividend date was Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is currently 21.78%.
MA has been the topic of a number of recent research reports. Zacks Investment Research upgraded Mastercard from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Royal Bank Of Canada reiterated a “top pick” rating and issued a $130.00 price target on shares of Mastercard in a research note on Friday, June 16th. BMO Capital Markets increased their price target on Mastercard from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, May 3rd. Morgan Stanley raised their price objective on Mastercard from $124.00 to $131.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 30th. Finally, Mizuho assumed coverage on Mastercard in a research note on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. Mastercard has an average rating of “Buy” and a consensus target price of $128.20.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. 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 stock in a transaction on 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 completion of the sale, 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. Insiders sold 850,468 shares of company stock worth $109,574,694 over the last 90 days. 0.30% of the stock is currently owned by company insiders.
About Mastercard
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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