Leonard Rickey Investment Advisors P.L.L.C. Sells 66 Shares of Mastercard Incorporated (NYSE:MA)

Leonard Rickey Investment Advisors P.L.L.C. reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 9.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 613 shares of the credit services provider’s stock after selling 66 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Mastercard were worth $295,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hoxton Planning & Management LLC boosted its position in shares of Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after acquiring an additional 22 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its position in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after buying an additional 23 shares during the last quarter. Benin Management CORP lifted its position in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after buying an additional 23 shares during the last quarter. Atticus Wealth Management LLC lifted its position in Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after buying an additional 23 shares during the last quarter. Finally, 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 worth $369,000 after buying an additional 24 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Stock Up 0.6 %

Shares of Mastercard stock traded up $2.82 during trading on Tuesday, hitting $440.43. 739,103 shares of the stock traded hands, compared to its average volume of 2,452,578. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The stock’s fifty day simple moving average is $451.50 and its 200 day simple moving average is $453.31. The firm has a market cap of $409.43 billion, a P/E ratio of 34.79, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the company earned $2.80 earnings per share. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts predict that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $457.46, for a total value of $49,863,140.00. Following the completion of the sale, the insider now directly owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The disclosure for this sale can be found here. Insiders have sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MA has been the subject of a number of analyst reports. Piper Sandler initiated coverage on Mastercard in a research report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target for the company. Wells Fargo & Company raised their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. reduced their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. TD Cowen assumed coverage on Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Finally, Morgan Stanley reduced their target price on Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average price target of $496.91.

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.