CMH Wealth Management LLC Has $3.94 Million Stake in Mastercard Incorporated (NYSE:MA)

CMH Wealth Management LLC lifted its stake in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,029 shares of the credit services provider’s stock after buying an additional 533 shares during the quarter. CMH Wealth Management LLC’s holdings in Mastercard were worth $3,942,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Mastercard in the 4th quarter valued at $3,107,220,000. Lone Pine Capital LLC acquired a new stake in Mastercard in the 4th quarter valued at $1,732,927,000. Allspring Global Investments Holdings LLC acquired a new stake in Mastercard in the 4th quarter valued at $574,844,000. State Street Corp grew its position in Mastercard by 4.4% in the 4th quarter. State Street Corp now owns 35,528,530 shares of the credit services provider’s stock valued at $12,766,111,000 after purchasing an additional 1,511,927 shares during the period. Finally, Brown Advisory Inc. grew its position in Mastercard by 27.2% in the 4th quarter. Brown Advisory Inc. now owns 5,587,241 shares of the credit services provider’s stock valued at $2,007,608,000 after purchasing an additional 1,195,525 shares during the period. 74.94% of the stock is owned by institutional investors.

NYSE MA opened at $316.15 on Thursday. The stock has a market capitalization of $307.50 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 1.49 and a beta of 1.01. Mastercard Incorporated has a one year low of $303.65 and a one year high of $399.92. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.34 and a quick ratio of 1.34. The business’s fifty day moving average is $344.96 and its 200-day moving average is $353.06.

Mastercard (NYSE:MAGet Rating) last released its earnings results on Thursday, April 28th. The credit services provider reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.59. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The company had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same period in the previous year, the business posted $1.74 EPS. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. Research analysts expect that Mastercard Incorporated will post 10.52 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 9th. Investors of record on Friday, July 8th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Thursday, July 7th. Mastercard’s dividend payout ratio (DPR) is currently 20.40%.

MA has been the subject of several research reports. Citigroup reduced their price target on shares of Mastercard from $445.00 to $435.00 in a research report on Monday, April 25th. JPMorgan Chase & Co. raised their price objective on Mastercard from $400.00 to $430.00 in a research note on Friday, April 29th. Barclays dropped their price objective on Mastercard from $430.00 to $420.00 and set an “overweight” rating on the stock in a research note on Monday, April 4th. Bank of America dropped their price objective on Mastercard from $416.00 to $402.00 and set a “buy” rating on the stock in a research note on Monday, April 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Mastercard from $420.00 to $440.00 in a research note on Friday, April 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $422.94.

In related news, insider Craig Vosburg sold 1,561 shares of Mastercard stock in a transaction dated Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total value of $569,765.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Raj Seshadri sold 7,000 shares of Mastercard stock in a transaction dated Friday, April 29th. The shares were sold at an average price of $367.68, for a total value of $2,573,760.00. Following the transaction, the insider now directly owns 10,439 shares of the company’s stock, valued at approximately $3,838,211.52. The disclosure for this sale can be found here. In the last three months, insiders sold 327,543 shares of company stock valued at $108,482,025. 0.33% of the stock is currently owned by insiders.

About Mastercard (Get Rating)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

Further Reading

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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