DeDora Capital Inc. Sells 440 Shares of Mastercard Incorporated (NYSE:MA)

DeDora Capital Inc. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,022 shares of the credit services provider’s stock after selling 440 shares during the quarter. DeDora Capital Inc.’s holdings in Mastercard were worth $2,418,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of MA. Hoxton Planning & Management LLC increased its stake in Mastercard by 1.4% in the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the period. Carolinas Wealth Consulting LLC increased its stake in shares of Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares during the period. Benin Management CORP raised its holdings in Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares in the last quarter. Cypress Wealth Services LLC lifted its position in Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the period. Finally, Syntegra Private Wealth Group LLC boosted its holdings in Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA stock traded up $2.48 during trading on Friday, hitting $443.58. The stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. Mastercard Incorporated has a 1-year low of $357.85 and a 1-year high of $490.00. The stock has a market cap of $413.81 billion, a price-to-earnings ratio of 35.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.08. The company’s 50 day moving average price is $469.57 and its two-hundred day moving average price is $437.74. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.17 and a current ratio of 1.09.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the prior year, the firm posted $2.80 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Monday, April 8th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Michael Miebach sold 7,851 shares of Mastercard stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares of the company’s stock, valued at approximately $22,672,828.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 583,088 shares of company stock valued at $266,873,978 over the last quarter. Company insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MA. Morgan Stanley cut their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday. The Goldman Sachs Group boosted their target price on shares of Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. BMO Capital Markets increased their price target on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Wells Fargo & Company boosted their price objective on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Two analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $493.55.

Mastercard Profile

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.