Carnegie Capital Asset Management LLC Has $35.06 Million Stock Holdings in Mastercard Inc (NYSE:MA)

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Carnegie Capital Asset Management LLC cut its stake in shares of Mastercard Inc (NYSE:MA) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 118,702 shares of the credit services provider’s stock after selling 3,757 shares during the period. Mastercard comprises about 2.0% of Carnegie Capital Asset Management LLC’s holdings, making the stock its 4th largest position. Carnegie Capital Asset Management LLC’s holdings in Mastercard were worth $35,055,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wealth Quarterback LLC bought a new stake in Mastercard in the 4th quarter worth about $33,000. Pacific Center for Financial Services boosted its position in Mastercard by 582.4% in the first quarter. Pacific Center for Financial Services now owns 116 shares of the credit services provider’s stock worth $28,000 after purchasing an additional 99 shares during the last quarter. 1776 Wealth LLC purchased a new position in Mastercard in the first quarter worth about $28,000. Sound Income Strategies LLC boosted its position in Mastercard by 70.5% in the first quarter. Sound Income Strategies LLC now owns 133 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 55 shares during the last quarter. Finally, Lion Street Advisors LLC purchased a new position in Mastercard in the first quarter worth about $39,000. Hedge funds and other institutional investors own 73.95% of the company’s stock.

Mastercard stock traded down $8.45 during trading hours on Thursday, hitting $291.70. The company had a trading volume of 144,417 shares, compared to its average volume of 3,859,523. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a market cap of $300.65 billion, a P/E ratio of 38.08, a P/E/G ratio of 3.63 and a beta of 1.08. The company has a 50-day moving average price of $300.33 and a two-hundred day moving average price of $291.30. Mastercard Inc has a 1 year low of $199.99 and a 1 year high of $347.25.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, April 29th. The credit services provider reported $1.83 EPS for the quarter, topping the consensus estimate of $1.73 by $0.10. Mastercard had a return on equity of 149.02% and a net margin of 46.75%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.98 billion. During the same period last year, the business posted $1.78 EPS. Mastercard’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that Mastercard Inc will post 6.44 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Wednesday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.59%.

A number of equities analysts have recently weighed in on MA shares. Wells Fargo & Co dropped their price objective on Mastercard from $370.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Wedbush upped their price target on Mastercard from $300.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. Nomura reiterated a “buy” rating and set a $334.00 price objective on shares of Mastercard in a research report on Thursday, April 30th. Piper Sandler cut their price objective on Mastercard from $332.00 to $292.00 in a research report on Thursday, March 12th. Finally, Citigroup boosted their target price on Mastercard from $317.00 to $344.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Five analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Mastercard has a consensus rating of “Buy” and an average price target of $326.43.

In other news, Director Steven J. Freiberg sold 4,230 shares of Mastercard stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $303.98, for a total value of $1,285,835.40. Following the transaction, the director now owns 5,376 shares of the company’s stock, valued at approximately $1,634,196.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Julius Genachowski sold 2,009 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now owns 7,346 shares of the company’s stock, valued at approximately $2,070,029.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 527,044 shares of company stock worth $158,686,565. 3.79% of the stock is owned by company insiders.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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