Carret Asset Management LLC Has $6 Million Holdings in Mastercard Incorporated (NYSE:MA)

Carret Asset Management LLC decreased its stake in Mastercard Incorporated (NYSE:MA) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,455 shares of the credit services provider’s stock after selling 50 shares during the period. Carret Asset Management LLC’s holdings in Mastercard were worth $5,998,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hoxton Planning & Management LLC boosted its holdings in shares of Mastercard by 1.4% in the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after acquiring an additional 22 shares during the period. Carolinas Wealth Consulting LLC boosted its stake in Mastercard by 5.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares during the period. Benin Management CORP grew its holdings in Mastercard by 3.0% during the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock valued at $382,000 after buying an additional 23 shares in the last quarter. Atticus Wealth Management LLC increased its position in shares of Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after buying an additional 23 shares during the period. Finally, Cypress Wealth Services LLC boosted its position in shares of Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the period. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Morgan Stanley lowered their price objective on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research report on Thursday, May 2nd. Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Evercore ISI decreased their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Finally, Piper Sandler assumed coverage on shares of Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $496.91.

Mastercard Stock Performance

NYSE MA traded up $3.53 during trading hours on Wednesday, hitting $448.18. The company’s stock had a trading volume of 3,181,285 shares, compared to its average volume of 2,468,728. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The company’s 50 day simple moving average is $450.76 and its two-hundred day simple moving average is $453.63. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market cap of $416.63 billion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same period in the prior year, the company earned $2.80 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insiders Place Their Bets

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,163,228 shares of company stock worth $1,428,540,870. Corporate insiders own 0.10% of the company’s stock.

Mastercard Company 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.