Saturna Capital Corp Has $3.38 Million Position in Mastercard Incorporated (NYSE:MA)

Saturna Capital Corp lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 9.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,172 shares of the credit services provider’s stock after selling 650 shares during the quarter. Saturna Capital Corp’s holdings in Mastercard were worth $3,383,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MA. Measured Risk Portfolios Inc. acquired a new position in shares of Mastercard in the fourth quarter valued at approximately $31,000. Navigoe LLC bought a new stake in shares of Mastercard in the fourth quarter worth $33,000. 10Elms LLP bought a new stake in shares of Mastercard in the fourth quarter worth $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard in the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard in the fourth quarter worth $36,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MA. Truist Financial cut their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday. They issued a “buy” rating and a $650.00 price objective on the stock. KeyCorp boosted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. Evercore ISI began coverage on shares of Mastercard in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $650.00 price target on shares of Mastercard in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $612.90.

Mastercard Trading Up 0.0%

MA stock opened at $555.73 on Friday. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $506.66 billion, a price-to-earnings ratio of 38.97, a PEG ratio of 2.41 and a beta of 1.02. The business has a 50 day simple moving average of $567.61 and a two-hundred day simple moving average of $548.26.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion during 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 quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.31 EPS. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business 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 dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.55%. Mastercard’s payout ratio is presently 21.32%.

Insider Buying and Selling

In related news, insider Raj Seshadri sold 1,100 shares of the stock in a transaction on Friday, June 27th. The stock was 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 in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,753 shares of company stock worth $20,351,084. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Company 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.