Peterson Wealth Management Sells 3,404 Shares of Mastercard Incorporated $MA

Peterson Wealth Management cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 31.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,525 shares of the credit services provider’s stock after selling 3,404 shares during the quarter. Mastercard accounts for about 2.8% of Peterson Wealth Management’s portfolio, making the stock its 12th largest position. Peterson Wealth Management’s holdings in Mastercard were worth $4,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in MA. GAMMA Investing LLC boosted its position in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after buying an additional 8,213,123 shares during the period. Nuveen LLC acquired a new position in shares of Mastercard in the 1st quarter worth approximately $4,238,764,000. Wellington Management Group LLP lifted its position in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the period. Northern Trust Corp lifted its position in shares of Mastercard by 15.2% in the 4th quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock worth $4,817,684,000 after purchasing an additional 1,207,787 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Mastercard in the 4th quarter worth approximately $561,313,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of MA stock opened at $598.1480 on Monday. The firm has a market capitalization of $540.73 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03. The firm has a fifty day simple moving average of $564.03 and a two-hundred day simple moving average of $555.58. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $461.90 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.50 EPS. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MA shares. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. KeyCorp boosted their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Finally, Royal Bank Of Canada boosted their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average 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.