Bank of New Hampshire Reduces Stake in Mastercard Incorporated (NYSE:MA)

Bank of New Hampshire lowered its holdings in Mastercard Incorporated (NYSE:MA) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 460 shares of the credit services provider’s stock after selling 60 shares during the period. Bank of New Hampshire’s holdings in Mastercard were worth $203,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. Quent Capital LLC boosted its stake in shares of Mastercard by 1.8% during the 1st quarter. Quent Capital LLC now owns 3,792 shares of the credit services provider’s stock valued at $1,826,000 after purchasing an additional 67 shares in the last quarter. HM Payson & Co. raised its holdings in shares of Mastercard by 1.7% during the first quarter. HM Payson & Co. now owns 249,371 shares of the credit services provider’s stock valued at $120,090,000 after purchasing an additional 4,204 shares during the last quarter. SRN Advisors LLC grew its position in Mastercard by 28.3% during the first quarter. SRN Advisors LLC now owns 6,726 shares of the credit services provider’s stock valued at $3,239,000 after buying an additional 1,485 shares during the period. NBW Capital LLC grew its position in Mastercard by 3.5% during the first quarter. NBW Capital LLC now owns 11,435 shares of the credit services provider’s stock valued at $5,507,000 after buying an additional 390 shares during the period. Finally, IMS Capital Management grew its position in Mastercard by 4.2% during the first quarter. IMS Capital Management now owns 2,346 shares of the credit services provider’s stock valued at $1,130,000 after buying an additional 94 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of research analyst reports. Bank of America cut shares of Mastercard from a “buy” rating to a “neutral” rating and cut their price target for the stock from $505.00 to $480.00 in a report on Wednesday, July 10th. KeyCorp increased their target price on shares of Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday. Mizuho lowered their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Robert W. Baird increased their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Finally, Barclays decreased their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $507.27.

Mastercard Stock Down 0.1 %

Shares of Mastercard stock traded down $0.39 on Friday, reaching $462.02. 3,808,080 shares of the company were exchanged, compared to its average volume of 2,706,904. Mastercard Incorporated has a one year low of $359.77 and a one year high of $490.00. The company has a market capitalization of $429.50 billion, a price-to-earnings ratio of 36.73, a PEG ratio of 1.82 and a beta of 1.09. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 1.95. The company has a 50-day moving average of $446.48 and a 200 day moving average of $456.83.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.80 EPS. On average, equities research analysts forecast that Mastercard Incorporated will post 14.27 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently announced 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. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at $26,362,683.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,462,228 shares of company stock valued at $1,110,349,560. 0.10% of the stock is owned by corporate insiders.

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.