Mastercard Incorporated (NYSE:MA) Shares Sold by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240 shares of the credit services provider’s stock after selling 20 shares during the quarter. Mascoma Wealth Management LLC’s holdings in Mastercard were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. NewSquare Capital LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $26,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Mastercard in the 4th quarter valued at approximately $32,000. 10Elms LLP purchased a new position in Mastercard in the 4th quarter valued at approximately $33,000. Finally, Navigoe LLC purchased a new position in Mastercard in the 4th quarter valued at approximately $33,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Performance

Mastercard stock opened at $552.02 on Friday. The firm has a market capitalization of $503.28 billion, a P/E ratio of 38.71, a PEG ratio of 2.38 and a beta of 1.05. The stock has a fifty day moving average price of $563.13 and a 200 day moving average price of $545.36. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the business earned $3.31 earnings per share. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, July 9th. Mastercard’s dividend payout ratio is currently 21.32%.

Analyst Upgrades and Downgrades

MA has been the subject of several research analyst reports. Monness Crespi & Hardt downgraded Mastercard from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 9th. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday. KeyCorp raised their price objective on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. UBS Group raised their price objective on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Finally, Evercore ISI initiated coverage on Mastercard in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective for the company. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

Insider Activity at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $588.18, for a total transaction of $5,545,361.04. Following the sale, the insider now owns 58,451 shares in the company, valued at $34,379,709.18. This represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. The trade was a 4.05% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,383 shares of company stock valued at $19,035,108. Insiders own 0.09% of the company’s stock.

Mastercard 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.