Vaughan David Investments LLC IL Has $203,000 Stake in Mastercard Incorporated (NYSE:MA)

Vaughan David Investments LLC IL reduced its stake in Mastercard Incorporated (NYSE:MA) by 29.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 421 shares of the credit services provider’s stock after selling 176 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Mastercard were worth $203,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MA. Twin Capital Management Inc. lifted its stake in shares of Mastercard by 34.8% in the first quarter. Twin Capital Management Inc. now owns 7,338 shares of the credit services provider’s stock worth $3,534,000 after buying an additional 1,893 shares during the last quarter. RB Capital Management LLC boosted its holdings in Mastercard by 2.9% during the first quarter. RB Capital Management LLC now owns 8,980 shares of the credit services provider’s stock valued at $4,325,000 after acquiring an additional 255 shares during the period. Lake Street Advisors Group LLC grew its position in shares of Mastercard by 70.6% in the first quarter. Lake Street Advisors Group LLC now owns 10,858 shares of the credit services provider’s stock valued at $5,229,000 after purchasing an additional 4,492 shares during the last quarter. Thornburg Investment Management Inc. increased its stake in shares of Mastercard by 1.2% in the first quarter. Thornburg Investment Management Inc. now owns 111,197 shares of the credit services provider’s stock worth $53,544,000 after purchasing an additional 1,273 shares during the period. Finally, Capitolis Liquid Global Markets LLC lifted its position in shares of Mastercard by 144.6% during the 1st quarter. Capitolis Liquid Global Markets LLC now owns 352,200 shares of the credit services provider’s stock worth $169,609,000 after purchasing an additional 208,200 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, insider Sandra A. Arkell sold 300 shares of the company’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 in the company, valued at $1,817,095.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,834,228 shares of company stock valued at $1,277,491,060. 0.10% of the stock is currently owned by insiders.

Mastercard Trading Down 2.0 %

NYSE:MA traded down $8.92 during trading hours on Wednesday, hitting $432.80. 3,764,424 shares of the stock were exchanged, compared to its average volume of 2,495,271. The company has a market capitalization of $402.34 billion, a P/E ratio of 34.40, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The company’s 50 day moving average is $447.53 and its two-hundred day moving average is $455.72. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the business earned $2.80 earnings per share. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.25 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.61%. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Barclays lowered their target price on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Mizuho cut their target price on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. 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 price target on the stock. Morgan Stanley cut their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Finally, Robert W. Baird lifted their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Three analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $498.13.

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.