Factory Mutual Insurance Co. Sells 1,400 Shares of Mastercard Incorporated (NYSE:MA)

Factory Mutual Insurance Co. cut its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,800 shares of the credit services provider’s stock after selling 1,400 shares during the period. Factory Mutual Insurance Co.’s holdings in Mastercard were worth $19,648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Altshuler Shaham Ltd bought a new stake in shares of Mastercard in the fourth quarter worth about $26,000. VitalStone Financial LLC increased its holdings in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Mastercard in the fourth quarter worth about $27,000. Westend Capital Management LLC bought a new stake in shares of Mastercard in the first quarter worth about $27,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Mastercard in the fourth quarter worth about $28,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MA has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Susquehanna reiterated a “positive” rating and set a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. JPMorgan Chase & Co. decreased their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Robert W. Baird increased their price objective on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $496.91.

Read Our Latest Stock Analysis on MA

Mastercard Stock Performance

Shares of MA traded down $2.61 during mid-day trading on Tuesday, reaching $454.35. The company’s stock had a trading volume of 918,867 shares, compared to its average volume of 2,426,901. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The stock has a market cap of $422.37 billion, a P/E ratio of 36.25, a PEG ratio of 1.78 and a beta of 1.09. The business has a 50-day simple moving average of $452.25 and a two-hundred day simple moving average of $452.47. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $2.80 EPS. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.22 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 annualized dividend and a yield of 0.58%. Mastercard’s payout ratio is currently 20.99%.

Insider Buying and Selling

In related news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Mastercard news, insider Hai Ling sold 2,892 shares of Mastercard stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $460.00, for a total value of $1,330,320.00. Following the completion of the transaction, the insider now directly owns 21,420 shares of the company’s stock, valued at approximately $9,853,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Monday, May 6th. The shares were sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the transaction, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,025,228 shares of company stock valued at $1,366,000,650. Insiders own 0.10% of the company’s stock.

About Mastercard

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAFree Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.