Berkeley Inc Decreases Stock Position in Mastercard Incorporated (NYSE:MA)

Berkeley Inc cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,463 shares of the credit services provider’s stock after selling 199 shares during the period. Mastercard comprises approximately 2.9% of Berkeley Inc’s holdings, making the stock its 10th largest holding. Berkeley Inc’s holdings in Mastercard were worth $6,283,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new position in Mastercard in the 4th quarter valued at $31,000. Navigoe LLC bought a new position in Mastercard in the 4th quarter valued at $33,000. 10Elms LLP bought a new position in Mastercard in the 4th quarter valued at $33,000. Hughes Financial Services LLC bought a new position in Mastercard in the 1st quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Mastercard in the 4th quarter valued at $36,000. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at approximately $20,636,125.55. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of Mastercard stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total value of $536,480.00. Following the transaction, the insider owned 23,624 shares of the company’s stock, valued at $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,753 shares of company stock worth $20,351,084 in the last three months. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $550.04 on Friday. The company has a market capitalization of $501.48 billion, a PE ratio of 38.57, a PEG ratio of 2.39 and a beta of 1.02. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month 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. The stock’s fifty day simple moving average is $568.42 and its 200 day simple moving average is $547.76.

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

Mastercard Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have commented on MA shares. Evercore ISI started coverage on Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. KeyCorp increased their price objective on Mastercard from $630.00 to $635.00 and gave the company an “overweight” rating in a research report on Friday, May 2nd. Monness Crespi & Hardt lowered Mastercard from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 9th. Jefferies Financial Group restated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Finally, Truist Financial assumed coverage on Mastercard in a research report on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $611.50.

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.