R.H. Investment Group LLC Has $6.87 Million Position in Mastercard Incorporated (NYSE:MA)

by · The Cerbat Gem

R.H. Investment Group LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 12,526 shares of the credit services provider’s stock after selling 64 shares during the period. Mastercard comprises about 6.6% of R.H. Investment Group LLC’s investment portfolio, making the stock its 2nd biggest position. R.H. Investment Group LLC’s holdings in Mastercard were worth $6,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Mastercard in the fourth quarter worth about $6,022,224,000. GAMMA Investing LLC grew its position in Mastercard by 65,631.5% during the 1st quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider’s stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Mastercard in the 4th quarter worth approximately $837,017,000. Northern Trust Corp lifted its position in Mastercard by 15.2% in the fourth quarter. Northern Trust Corp now owns 9,149,181 shares of the credit services provider’s stock valued at $4,817,684,000 after purchasing an additional 1,207,787 shares during the last quarter. Finally, Sanders Capital LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at approximately $617,303,000. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 959 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $572.86, for a total transaction of $549,372.74. Following the sale, the insider owned 25,540 shares in the company, valued at $14,630,844.40. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares of the company’s stock, valued at approximately $34,196,757.55. The trade was a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,441 shares of company stock valued at $20,173,035. 0.09% of the stock is currently owned by insiders.

Mastercard Trading Down 0.5%

Mastercard stock opened at $561.75 on Thursday. Mastercard Incorporated has a 12 month low of $428.86 and a 12 month high of $594.71. The company has a market capitalization of $512.15 billion, a price-to-earnings ratio of 39.39, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The business’s fifty day simple moving average is $565.55 and its two-hundred day simple moving average is $546.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81.

Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.31 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Macquarie decreased their price objective on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research report on Friday, May 2nd. Evercore ISI assumed coverage on shares of Mastercard in a research note on Wednesday, April 9th. They set an “in-line” rating and a $550.00 price objective for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 target price on shares of Mastercard in a research note on Wednesday, April 2nd. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Seven research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $611.50.

View Our Latest Stock Analysis on Mastercard

About Mastercard

(Free Report)

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.

Further Reading

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