Nottingham Advisors Inc. Cuts Stock Holdings in Mastercard Incorporated (NYSE:MA)

Nottingham Advisors Inc. trimmed its stake in Mastercard Incorporated (NYSE:MA) by 52.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,190 shares of the credit services provider’s stock after selling 1,300 shares during the period. Nottingham Advisors Inc.’s holdings in Mastercard were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Mastercard by 11.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock valued at $37,108,000 after purchasing an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in Mastercard in the 4th quarter worth $73,000. Trustco Bank Corp N Y bought a new stake in Mastercard in the fourth quarter worth $211,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Mastercard by 15.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,940,081 shares of the credit services provider’s stock worth $1,021,588,000 after purchasing an additional 264,094 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s 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 directly owned 23,624 shares of the company’s stock, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares of the company’s stock, valued at $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,753 shares of company stock valued at $20,351,084 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. UBS Group raised their price target on Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Evercore ISI assumed coverage on Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Five investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $612.90.

Mastercard Stock Up 0.8%

Mastercard stock opened at $568.18 on Monday. Mastercard Incorporated has a 12 month low of $432.11 and a 12 month high of $594.71. The stock has a fifty day simple moving average of $565.61 and a two-hundred day simple moving average of $550.38. 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 firm has a market cap of $518.02 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 2.46 and a beta of 1.02.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 yield of 0.54%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

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.