Meadow Creek Wealth Advisors LLC Lowers Stake in Mastercard Incorporated (NYSE:MA)

Meadow Creek Wealth Advisors LLC reduced its position in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 15.4% during the 1st quarter, HoldingsChannel reports. The fund owned 1,007 shares of the credit services provider’s stock after selling 183 shares during the period. Meadow Creek Wealth Advisors LLC’s holdings in Mastercard were worth $360,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Abbrea Capital LLC boosted its position in Mastercard by 0.5% in the 4th quarter. Abbrea Capital LLC now owns 5,605 shares of the credit services provider’s stock valued at $2,014,000 after buying an additional 27 shares during the period. Adirondack Trust Co. boosted its position in Mastercard by 3.9% in the 4th quarter. Adirondack Trust Co. now owns 746 shares of the credit services provider’s stock valued at $268,000 after buying an additional 28 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Mastercard by 2.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,191 shares of the credit services provider’s stock worth $426,000 after purchasing an additional 29 shares during the last quarter. Lenox Wealth Advisors LLC lifted its position in shares of Mastercard by 4.6% during the 4th quarter. Lenox Wealth Advisors LLC now owns 681 shares of the credit services provider’s stock worth $245,000 after purchasing an additional 30 shares during the last quarter. Finally, Clearview Wealth Advisors LLC lifted its position in shares of Mastercard by 13.2% during the 4th quarter. Clearview Wealth Advisors LLC now owns 258 shares of the credit services provider’s stock worth $93,000 after purchasing an additional 30 shares during the last quarter. 74.94% of the stock is currently owned by institutional investors and hedge funds.

In other Mastercard news, insider Craig Vosburg sold 1,561 shares of the firm’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $365.00, for a total value of $569,765.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 106,326 shares of the firm’s stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $327.74, for a total transaction of $34,847,283.24. Following the sale, the insider now owns 103,841,972 shares of the company’s stock, valued at $34,033,167,903.28. The disclosure for this sale can be found here. Insiders sold 327,543 shares of company stock valued at $108,482,025 over the last 90 days. Insiders own 0.33% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mastercard from $420.00 to $440.00 in a research report on Friday, April 29th. Barclays decreased their price objective on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research report on Monday, April 4th. Piper Sandler cut shares of Mastercard from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $360.00 to $357.00 in a research report on Friday, April 29th. StockNews.com initiated coverage on shares of Mastercard in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, BMO Capital Markets cut their price target on shares of Mastercard from $412.00 to $402.00 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 assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $422.94.

MA stock opened at $316.15 on Thursday. Mastercard Incorporated has a 52 week low of $303.65 and a 52 week high of $399.92. The company has a market cap of $307.50 billion, a P/E ratio of 32.90, a P/E/G ratio of 1.49 and a beta of 1.01. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.95. The company’s 50-day moving average price is $344.96 and its 200 day moving average price is $353.06.

Mastercard (NYSE:MAGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The credit services provider reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.59. Mastercard had a net margin of 47.70% and a return on equity of 133.72%. The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.90 billion. During the same quarter in the previous year, the business posted $1.74 earnings per share. The company’s revenue was up 24.4% on a year-over-year basis. On average, equities research analysts expect that Mastercard Incorporated will post 10.52 earnings per share for the current year.

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

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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Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAGet Rating).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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