Grandfield & Dodd LLC Lowers Stock Position in Mastercard Incorporated (NYSE:MA)

Grandfield & Dodd LLC lessened its holdings in Mastercard Incorporated (NYSE:MAGet Rating) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 10,810 shares of the credit services provider’s stock after selling 331 shares during the period. Grandfield & Dodd LLC’s holdings in Mastercard were worth $3,880,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Main Street Financial Solutions LLC raised its stake in shares of Mastercard by 20.4% during the 4th quarter. Main Street Financial Solutions LLC now owns 5,294 shares of the credit services provider’s stock worth $1,902,000 after acquiring an additional 896 shares in the last quarter. Cordatus Wealth Management LLC increased its stake in Mastercard by 38.5% during the 4th quarter. Cordatus Wealth Management LLC now owns 1,794 shares of the credit services provider’s stock valued at $645,000 after purchasing an additional 499 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Mastercard by 1.8% in the fourth quarter. Venturi Wealth Management LLC now owns 2,432 shares of the credit services provider’s stock worth $874,000 after acquiring an additional 44 shares during the period. Live Oak Private Wealth LLC increased its stake in shares of Mastercard by 0.9% in the fourth quarter. Live Oak Private Wealth LLC now owns 16,718 shares of the credit services provider’s stock worth $6,007,000 after acquiring an additional 150 shares during the period. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Mastercard in the fourth quarter worth $285,000. 73.86% of the stock is owned by hedge funds and other institutional investors.

MA stock traded up $0.28 during trading on Monday, reaching $351.46. 72,056 shares of the stock were exchanged, compared to its average volume of 4,484,947. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.78. The business has a 50 day moving average price of $352.31 and a 200-day moving average price of $353.38. Mastercard Incorporated has a 1 year low of $305.61 and a 1 year high of $401.50. The firm has a market capitalization of $343.54 billion, a price-to-earnings ratio of 39.95, a P/E/G ratio of 1.87 and a beta of 1.08.

Mastercard (NYSE:MAGet Rating) last issued its earnings results on Thursday, January 27th. The credit services provider reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.16. Mastercard had a net margin of 46.00% and a return on equity of 122.90%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the firm earned $1.64 earnings per share. Mastercard’s quarterly revenue was up 26.6% compared to the same quarter last year. On average, research analysts anticipate that Mastercard Incorporated will post 10.11 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 9th. Stockholders of record on Friday, April 8th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, April 7th. Mastercard’s dividend payout ratio (DPR) is 22.37%.

In related news, insider Edward Grunde Mclaughlin sold 15,310 shares of Mastercard stock in a transaction that occurred on Friday, January 28th. The shares were sold at an average price of $360.26, for a total value of $5,515,580.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 155,060 shares of Mastercard stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $377.50, for a total transaction of $58,535,150.00. The disclosure for this sale can be found here. Insiders sold a total of 482,051 shares of company stock worth $181,949,746 over the last three months. Insiders own 0.33% of the company’s stock.

A number of analysts have recently weighed in on MA shares. Citigroup cut their price objective on shares of Mastercard from $445.00 to $435.00 in a research note on Monday. StockNews.com began coverage on shares of Mastercard in a report on Thursday, March 31st. They set a “hold” rating on the stock. Barclays lowered their price target on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating on the stock in a report on Monday, April 4th. Raymond James lowered their price target on shares of Mastercard from $453.00 to $447.00 and set an “outperform” rating on the stock in a report on Friday, January 28th. Finally, Bank of America lowered their price target on shares of Mastercard from $416.00 to $402.00 and set a “buy” rating on the stock in a report on Monday, April 18th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $426.94.

Mastercard Company Profile (Get Rating)

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 other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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