Hanson & Doremus Investment Management Sells 28 Shares of Mastercard Incorporated (NYSE:MA)

Hanson & Doremus Investment Management lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.7% during the second quarter, HoldingsChannel reports. The firm owned 567 shares of the credit services provider’s stock after selling 28 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Mastercard were worth $250,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MA. Hoxton Planning & Management LLC boosted its holdings in 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 in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Mastercard by 5.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after acquiring an additional 23 shares in the last quarter. Benin Management CORP boosted its holdings in Mastercard by 3.0% in the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 23 shares in the last quarter. Atticus Wealth Management LLC boosted its holdings in Mastercard by 1.3% in the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares in the last quarter. Finally, Strategic Advisors LLC boosted its holdings in Mastercard by 0.3% in the first quarter. Strategic Advisors LLC now owns 6,881 shares of the credit services provider’s stock worth $3,314,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MA. Barclays increased their price target on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Piper Sandler increased their price objective on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. TD Cowen increased their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a research note on Wednesday, August 14th. Finally, Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $510.88.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The disclosure for this sale can be found here. Insiders sold 720,467 shares of company stock valued at $331,875,955 over the last three months. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of NYSE MA opened at $493.36 on Monday. The stock has a fifty day simple moving average of $460.67 and a two-hundred day simple moving average of $460.18. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $496.85. The firm has a market cap of $458.63 billion, a price-to-earnings ratio of 39.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.54%. The ex-dividend date was Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

About Mastercard

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.