Mastercard Incorporated (NYSE:MA) Stake Reduced by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 14.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 590 shares of the credit services provider’s stock after selling 100 shares during the quarter. Sustainable Insight Capital Management LLC’s holdings in Mastercard were worth $284,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Mastercard by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock worth $32,096,470,000 after purchasing an additional 742,076 shares in the last quarter. Capital International Investors grew its stake in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after purchasing an additional 605,909 shares in the last quarter. Norges Bank bought a new position in shares of Mastercard in the fourth quarter worth $4,595,559,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Mastercard by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,665,483 shares of the credit services provider’s stock worth $1,989,875,000 after purchasing an additional 107,953 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Sandra A. Arkell sold 300 shares of the firm’s 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 transaction, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction on Monday, May 6th. The stock was sold at an average price of $447.23, for a total value 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 Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 138,000 shares of Mastercard stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the completion of the sale, 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. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Performance

NYSE:MA traded up $3.69 during mid-day trading on Friday, hitting $440.11. 2,645,729 shares of the company’s stock traded hands, compared to its average volume of 2,652,274. The firm has a 50 day moving average of $449.25 and a two-hundred day moving average of $454.31. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $490.00. The firm has a market capitalization of $409.13 billion, a price-to-earnings ratio of 34.98, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. 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:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the company earned $2.80 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is currently 20.99%.

Analyst Ratings Changes

Several analysts have recently weighed in on MA shares. Robert W. Baird upped their price objective on Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Mizuho cut 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. JPMorgan Chase & Co. reduced their target price on Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Piper Sandler started coverage on Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 target price for the company. Finally, Susquehanna reaffirmed a “positive” rating and set a $535.00 target price on shares of Mastercard in a report on Wednesday, April 3rd. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $498.57.

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.