AMF Tjanstepension AB Reduces Holdings in Mastercard Incorporated (NYSE:MA)

AMF Tjanstepension AB cut its position in Mastercard Incorporated (NYSE:MA) by 46.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,384 shares of the credit services provider’s stock after selling 70,757 shares during the quarter. AMF Tjanstepension AB’s holdings in Mastercard were worth $39,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Atlantic Union Bankshares Corp grew its holdings in Mastercard by 7.6% during the 1st quarter. Atlantic Union Bankshares Corp now owns 13,048 shares of the credit services provider’s stock worth $6,284,000 after acquiring an additional 924 shares in the last quarter. Register Financial Advisors LLC acquired a new position in Mastercard in the first quarter worth about $136,000. Capital Asset Advisory Services LLC increased its holdings in Mastercard by 1.3% in the first quarter. Capital Asset Advisory Services LLC now owns 8,435 shares of the credit services provider’s stock valued at $4,025,000 after buying an additional 109 shares during the last quarter. Indiana Trust & Investment Management CO raised its stake in Mastercard by 23.6% during the first quarter. Indiana Trust & Investment Management CO now owns 739 shares of the credit services provider’s stock valued at $356,000 after buying an additional 141 shares in the last quarter. Finally, Howard Financial Services LTD. lifted its holdings in Mastercard by 4.2% during the 1st quarter. Howard Financial Services LTD. now owns 2,619 shares of the credit services provider’s stock worth $1,261,000 after buying an additional 105 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the transaction, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 111,000 shares of Mastercard stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $457.15, for a total transaction of $50,743,650.00. Following the completion of the sale, the insider now directly owns 97,432,308 shares in the company, valued at approximately $44,541,179,602.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Sandra A. Arkell sold 300 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on MA. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Piper Sandler initiated coverage on shares of Mastercard in a research note on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective on the stock. Robert W. Baird lifted their target price on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, Morgan Stanley reduced their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $496.91.

Mastercard Trading Down 0.4 %

NYSE MA traded down $1.67 on Friday, hitting $441.08. 4,105,039 shares of the stock were exchanged, compared to its average volume of 2,460,773. The company’s 50-day moving average price is $451.50 and its two-hundred day moving average price is $452.88. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a market capitalization of $410.03 billion, a price-to-earnings ratio of 35.06, a P/E/G ratio of 1.77 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 earnings per share. Research analysts predict that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Mastercard Company 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.