Delaney Dennis R Has $8.68 Million Stake in Mastercard Incorporated (NYSE:MA)

Delaney Dennis R cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,023 shares of the credit services provider’s stock after selling 427 shares during the period. Mastercard makes up 4.7% of Delaney Dennis R’s holdings, making the stock its 2nd biggest holding. Delaney Dennis R’s holdings in Mastercard were worth $8,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Mastercard by 1.0% during 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 during the last quarter. Capital International Investors boosted its holdings in Mastercard by 3.3% during 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 during the last quarter. Capital Research Global Investors boosted its holdings in Mastercard by 4.7% during 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 during the last quarter. Norges Bank purchased a new position in Mastercard during the fourth quarter worth about $4,595,559,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $1,989,875,000 after acquiring an additional 107,953 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler began coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 target price on the stock. Bank of America downgraded shares of Mastercard from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $505.00 to $480.00 in a report on Wednesday. TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective for the company. Barclays cut their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a report on Wednesday, April 3rd. Three investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $498.57.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the sale, the insider now directly owns 97,215,308 shares in the company, valued at $44,472,114,797.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the sale, the insider now directly owns 3,463 shares in the company, valued at $1,572,202. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the transaction, the insider now owns 97,215,308 shares of the company’s stock, valued at $44,472,114,797.68. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock valued at $1,428,540,870 over the last three months. Insiders own 0.10% of the company’s stock.

Mastercard Stock Up 0.6 %

NYSE:MA traded up $2.74 during mid-day trading on Thursday, hitting $436.38. 4,032,569 shares of the company’s stock were exchanged, compared to its average volume of 2,484,578. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. 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 business has a fifty day moving average price of $449.32 and a 200 day moving average price of $454.20. The company has a market cap of $405.67 billion, a PE ratio of 34.69, a P/E/G ratio of 1.74 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) 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 net margin of 46.09% and a return on equity of 183.70%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 earnings per share. Equities analysts predict that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s payout ratio is 20.99%.

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.