Weik Capital Management Sells 110 Shares of Mastercard Incorporated (NYSE:MA)

Weik Capital Management cut its stake in Mastercard Incorporated (NYSE:MA) by 1.3% in the first quarter, HoldingsChannel reports. The fund owned 8,506 shares of the credit services provider’s stock after selling 110 shares during the period. Mastercard accounts for 1.9% of Weik Capital Management’s holdings, making the stock its 14th largest position. Weik Capital Management’s holdings in Mastercard were worth $4,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Measured Risk Portfolios Inc. acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $31,000. Navigoe LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. 10Elms LLP acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $33,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard during the 4th quarter worth approximately $36,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $582.06 on Friday. The company’s fifty day simple moving average is $563.30 and its 200-day simple moving average is $554.64. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market cap of $526.19 billion, a PE ratio of 39.25, a P/E/G ratio of 2.39 and a beta of 1.03. Mastercard Incorporated has a 12 month low of $461.90 and a 12 month high of $594.71.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the firm posted $3.50 earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s payout ratio is currently 20.50%.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $572.86, for a total value of $549,372.74. Following the transaction, the insider directly owned 25,540 shares in the company, valued at approximately $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,453 shares of company stock valued at $20,178,667 in the last ninety days. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MA shares. Royal Bank Of Canada boosted their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Wolfe Research set a $655.00 price objective on shares of Mastercard in a report on Monday, June 23rd. Citigroup boosted their price objective on shares of Mastercard from $650.00 to $652.00 and gave the company a “buy” rating in a report on Monday, May 5th. Truist Financial decreased their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Five analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $617.93.

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.