Monument Capital Management Has $923,000 Holdings in Mastercard Incorporated (NYSE:MA)

Monument Capital Management lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 5.8% during the first quarter, Holdings Channel reports. The fund owned 1,917 shares of the credit services provider’s stock after selling 118 shares during the quarter. Monument Capital Management’s holdings in Mastercard were worth $923,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Naviter Wealth LLC grew its position in Mastercard by 9.7% during the first quarter. Naviter Wealth LLC now owns 6,377 shares of the credit services provider’s stock valued at $3,071,000 after purchasing an additional 564 shares in the last quarter. Nvest Financial LLC grew its position in Mastercard by 10.6% during the first quarter. Nvest Financial LLC now owns 906 shares of the credit services provider’s stock valued at $436,000 after purchasing an additional 87 shares in the last quarter. CAP Partners LLC grew its position in Mastercard by 2.2% during the first quarter. CAP Partners LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 37 shares in the last quarter. Financial Security Advisor Inc. purchased a new position in Mastercard during the first quarter valued at approximately $204,000. Finally, MV Capital Management Inc. grew its position in Mastercard by 326.9% during the first quarter. MV Capital Management Inc. now owns 6,177 shares of the credit services provider’s stock valued at $2,975,000 after purchasing an additional 4,730 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity

In other news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 5,216 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total transaction of $2,330,039.36. Following the completion of the sale, the insider now directly owns 15,183 shares in the company, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA traded up $2.86 during trading hours on Wednesday, hitting $447.51. 2,268,803 shares of the company traded hands, compared to its average volume of 2,461,542. The stock has a market capitalization of $416.01 billion, a price-to-earnings ratio of 35.61, a P/E/G ratio of 1.72 and a beta of 1.09. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The firm has a 50-day moving average of $450.76 and a 200 day moving average of $453.63. 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 announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter in the prior year, the company posted $2.80 EPS. The business’s revenue was up 10.4% on a year-over-year basis. On average, analysts forecast that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MA shares. Barclays lowered their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Evercore ISI decreased their target price on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Robert W. Baird boosted their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, TD Cowen initiated coverage on shares of Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Two 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 company. According to data from MarketBeat.com, the stock presently 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.