Yoder Wealth Management Inc. Sells 26 Shares of Mastercard Incorporated (NYSE:MA)

Yoder Wealth Management Inc. lessened its stake in Mastercard Incorporated (NYSE:MA) by 5.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 477 shares of the credit services provider’s stock after selling 26 shares during the quarter. Yoder Wealth Management Inc.’s holdings in Mastercard were worth $230,000 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 stock. Norges Bank purchased a new stake in shares of Mastercard during the 4th quarter valued at about $4,595,559,000. International Assets Investment Management LLC boosted its holdings in shares of Mastercard by 43,445.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,936,684 shares of the credit services provider’s stock worth $1,252,525,000 after purchasing an additional 2,929,940 shares during the period. Vanguard Group Inc. raised its holdings in Mastercard by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after buying an additional 742,076 shares during the period. Capital International Investors boosted its stake in Mastercard by 3.3% during the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after buying an additional 676,452 shares during the period. Finally, Capital Research Global Investors increased its position in Mastercard by 4.7% during the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock valued at $5,803,956,000 after acquiring an additional 605,909 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $462.78, for a total value of $50,443,020.00. Following the transaction, the insider now directly owns 96,996,308 shares of the company’s stock, valued at approximately $44,887,951,416.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $462.78, for a total transaction of $50,443,020.00. Following the completion of the sale, the insider now directly owns 96,996,308 shares of the company’s stock, valued at approximately $44,887,951,416.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Raj Seshadri sold 5,216 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $446.71, for a total value of $2,330,039.36. Following the sale, the insider now owns 15,183 shares of the company’s stock, valued at approximately $6,782,397.93. The disclosure for this sale can be found here. Insiders have sold 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 insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Susquehanna reiterated a “positive” rating and issued a $535.00 target price on shares of Mastercard in a research note on Wednesday, April 3rd. TD Cowen began coverage on shares of Mastercard in a research note on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Wells Fargo & Company increased their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Barclays decreased their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. dropped their price target on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Two investment 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 company’s stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Mastercard Trading Up 0.8 %

MA stock traded up $3.53 during midday trading on Wednesday, hitting $448.18. 3,192,350 shares of the company’s stock were exchanged, compared to its average volume of 2,468,814. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $416.63 billion, a PE ratio of 35.61, a P/E/G ratio of 1.72 and a beta of 1.09. The business has a 50-day simple moving average of $450.76 and a two-hundred day simple moving average of $453.63.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.80 EPS. On average, sell-side analysts predict that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

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