Duncker Streett & Co. Inc. Sells 69 Shares of Mastercard Incorporated (NYSE:MA)

Duncker Streett & Co. Inc. trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,493 shares of the credit services provider’s stock after selling 69 shares during the period. Mastercard comprises approximately 3.3% of Duncker Streett & Co. Inc.’s holdings, making the stock its 3rd largest holding. Duncker Streett & Co. Inc.’s holdings in Mastercard were worth $15,565,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MA. Bornite Capital Management LP acquired a new stake in shares of Mastercard during the 1st quarter valued at approximately $21,442,000. United Bank raised its position in shares of Mastercard by 34.5% during the 1st quarter. United Bank now owns 6,007 shares of the credit services provider’s stock valued at $2,147,000 after acquiring an additional 1,541 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Mastercard by 30.1% during the 1st quarter. Mackenzie Financial Corp now owns 272,358 shares of the credit services provider’s stock valued at $97,335,000 after acquiring an additional 63,040 shares in the last quarter. First Western Trust Bank acquired a new stake in shares of Mastercard during the 1st quarter valued at approximately $1,168,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Mastercard during the 1st quarter valued at approximately $12,926,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at $2,740,407.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Ajay Bhalla sold 98 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $439.52, for a total value of $43,072.96. Following the completion of the sale, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $460.06, for a total value of $6,230,132.52. Following the sale, the insider now directly owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The disclosure for this sale can be found here. Insiders sold a total of 41,728 shares of company stock valued at $19,479,753 over the last three months. Insiders own 0.13% of the company’s stock.

Mastercard Price Performance

MA stock traded up $0.03 during trading hours on Wednesday, hitting $459.82. 1,787,264 shares of the stock traded hands, compared to its average volume of 2,209,005. The stock has a 50-day simple moving average of $471.86 and a 200 day simple moving average of $433.03. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The company has a market cap of $428.96 billion, a P/E ratio of 38.84, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, beating the consensus estimate of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the business posted $2.65 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 14.36 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 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 is Monday, April 8th. Mastercard’s dividend payout ratio is 22.32%.

Analyst Ratings Changes

MA has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday. Raymond James increased their target price on Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group increased their target price on Mastercard from $433.00 to $482.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. TD Cowen started coverage on Mastercard in a research report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Finally, BMO Capital Markets increased their target price on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $485.91.

Mastercard 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.