Commerzbank Aktiengesellschaft FI Sells 15,095 Shares of Mastercard Incorporated $MA

Commerzbank Aktiengesellschaft FI decreased its position in Mastercard Incorporated (NYSE:MA) by 26.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 42,293 shares of the credit services provider’s stock after selling 15,095 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Mastercard were worth $21,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Swan Global Investments LLC boosted its position in shares of Mastercard by 14.9% in the first quarter. Swan Global Investments LLC now owns 654 shares of the credit services provider’s stock valued at $327,000 after acquiring an additional 85 shares during the period. Meeder Asset Management Inc. increased its position in Mastercard by 58.4% during the first quarter. Meeder Asset Management Inc. now owns 102,985 shares of the credit services provider’s stock worth $51,457,000 after acquiring an additional 37,969 shares during the period. Dimensional Fund Advisors LP increased its position in Mastercard by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 4,225,359 shares of the credit services provider’s stock worth $2,111,216,000 after acquiring an additional 42,871 shares during the period. Waycross Partners LLC raised its stake in Mastercard by 2.4% in the 1st quarter. Waycross Partners LLC now owns 71,670 shares of the credit services provider’s stock worth $35,811,000 after purchasing an additional 1,708 shares in the last quarter. Finally, Ironwood Investment Counsel LLC raised its stake in Mastercard by 3.8% in the 1st quarter. Ironwood Investment Counsel LLC now owns 19,083 shares of the credit services provider’s stock worth $9,535,000 after purchasing an additional 698 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA stock opened at $547.58 on Tuesday. The company’s 50-day moving average price is $504.99 and its two-hundred day moving average price is $515.59. The firm has a market cap of $483.83 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.70 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. Mastercard Incorporated has a 12 month low of $464.52 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.41 by $0.19. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $3.73 EPS. On average, analysts anticipate that Mastercard Incorporated will post 19.62 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Thursday, July 9th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Susquehanna dropped their price target on shares of Mastercard from $670.00 to $665.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Piper Sandler started coverage on Mastercard in a research note on Monday, June 29th. They issued an “overweight” rating and a $597.00 price target for the company. Raymond James Financial set a $609.00 price target on Mastercard in a research report on Friday, May 1st. Finally, Royal Bank Of Canada lowered their price objective on Mastercard from $656.00 to $629.00 and set an “outperform” rating on the stock in a research note on Friday, May 1st. Eight research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus price target of $653.92.

Insiders Place Their Bets

In other news, insider Sandra A. Arkell sold 200 shares of Mastercard stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the transaction, the insider owned 3,322 shares in the company, valued at approximately $1,793,880. This trade represents a 5.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $529.73, for a total value of $1,047,276.21. Following the completion of the transaction, the insider owned 16,429 shares in the company, valued at approximately $8,702,934.17. The trade was a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 7,005 shares of company stock worth $3,689,976. Company insiders own 0.09% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.