Mastercard Incorporated (NYSE:MA) Shares Sold by Raub Brock Capital Management LP

Raub Brock Capital Management LP trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA – Get Rating) by 10.8% during the first quarter, Holdings Channel.com reports. The firm owned 66,708 shares of the credit services provider’s stock after selling 8,065 shares during the quarter. Mastercard accounts for approximately 4.1% of Raub Brock Capital Management LP’s portfolio, making the stock its 12th biggest position. Raub Brock Capital Management LP’s holdings in Mastercard were worth $23,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Mastercard during the fourth quarter valued at about $37,000. Western Pacific Wealth Management LP bought a new position in Mastercard during the fourth quarter valued at about $39,000. Industrial Alliance Investment Management Inc. bought a new position in Mastercard during the fourth quarter valued at about $42,000. American National Bank bought a new position in Mastercard during the first quarter valued at about $46,000. Finally, Tortoise Investment Management LLC boosted its stake in Mastercard by 71.4% during the fourth quarter. Tortoise Investment Management LLC now owns 132 shares of the credit services provider’s stock valued at $47,000 after buying an additional 55 shares in the last quarter. 74.94% of the stock is currently owned by institutional investors.

Shares of MA stock opened at $318.56 on Thursday. The company has a market capitalization of $309.85 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.49 and a beta of 1.01. The stock’s 50 day simple moving average is $344.96 and its 200 day simple moving average is $353.06. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.34 and a current ratio of 1.34. Mastercard Incorporated has a twelve month low of $303.65 and a twelve month high of $399.92.

Mastercard (NYSE:MA – Get Rating) last released its earnings results on Thursday, April 28th. The credit services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.59. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.90 billion. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.74 EPS. On average, analysts forecast that Mastercard Incorporated will post 10.52 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 9th. Shareholders of record on Friday, July 8th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Thursday, July 7th. Mastercard’s dividend payout ratio (DPR) is currently 20.40%.

A number of research firms recently weighed in on MA. Morgan Stanley decreased their price target on Mastercard from $449.00 to $442.00 and set an “overweight” rating for the company in a research report on Thursday, April 21st. Deutsche Bank Aktiengesellschaft increased their price target on Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. JPMorgan Chase & Co. raised their price objective on Mastercard from $400.00 to $430.00 in a research report on Friday, April 29th. BMO Capital Markets decreased their price objective on Mastercard from $412.00 to $402.00 in a research report on Friday, April 29th. Finally, Piper Sandler downgraded Mastercard from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $360.00 to $357.00 in a research note on Friday, April 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $422.94.

In other news, insider Raj Seshadri sold 7,000 shares of Mastercard stock in a transaction that occurred on Friday, April 29th. The stock was sold at an average price of $367.68, for a total transaction of $2,573,760.00. Following the sale, the insider now owns 10,439 shares of the company’s stock, valued at approximately $3,838,211.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 106,330 shares of Mastercard stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $333.03, for a total value of $35,411,079.90. Following the sale, the insider now directly owns 103,629,316 shares in the company, valued at approximately $34,511,671,107.48. The disclosure for this sale can be found here. Insiders sold a total of 327,543 shares of company stock worth $108,482,025 in the last ninety days. Insiders own 0.33% of the company’s stock.

About Mastercard (Get Rating)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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