Mastercard Incorporated (NYSE:MA) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. reduced its holdings in Mastercard Incorporated (NYSE:MA) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,500 shares of the credit services provider’s stock after selling 850 shares during the period. Cullinan Associates Inc.’s holdings in Mastercard were worth $5,538,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after acquiring an additional 742,076 shares in the last quarter. Capital International Investors lifted its position in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after acquiring an additional 676,452 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 4.7% in 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 in the last quarter. Norges Bank purchased a new position in shares of Mastercard in the fourth quarter valued at approximately $4,595,559,000. Finally, Ameriprise Financial Inc. lifted its position in shares of Mastercard by 5.9% in the third quarter. Ameriprise Financial Inc. now owns 5,510,259 shares of the credit services provider’s stock valued at $2,181,964,000 after acquiring an additional 306,663 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock valued at $1,428,540,870 in the last ninety days. Insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.5 %

MA traded up $2.37 on Tuesday, hitting $439.98. 617,099 shares of the company were exchanged, compared to its average volume of 2,451,610. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The company has a market cap of $409.01 billion, a price-to-earnings 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. The firm has a 50-day moving average price of $451.50 and a two-hundred day moving average price of $453.31.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued 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 dividend payout ratio (DPR) is 20.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Mizuho decreased their target price on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Piper Sandler began coverage on Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective on the stock. Susquehanna reiterated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, TD Cowen initiated coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. 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 has a consensus rating of “Moderate Buy” and an average price target of $496.91.

About Mastercard

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.