CMH Wealth Management LLC Raises Stock Holdings in Mastercard Incorporated (NYSE:MA)

CMH Wealth Management LLC lifted its holdings in shares of Mastercard Incorporated (NYSE:MAGet Rating) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,029 shares of the credit services provider’s stock after purchasing an additional 533 shares during the quarter. CMH Wealth Management LLC’s holdings in Mastercard were worth $3,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abbrea Capital LLC raised its holdings in shares of Mastercard by 0.5% during the fourth quarter. Abbrea Capital LLC now owns 5,605 shares of the credit services provider’s stock valued at $2,014,000 after acquiring an additional 27 shares in the last quarter. Adirondack Trust Co. raised its holdings in shares of Mastercard by 3.9% during the fourth quarter. Adirondack Trust Co. now owns 746 shares of the credit services provider’s stock valued at $268,000 after acquiring an additional 28 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Mastercard by 2.5% during the first quarter. Hexagon Capital Partners LLC now owns 1,191 shares of the credit services provider’s stock valued at $426,000 after acquiring an additional 29 shares in the last quarter. Lenox Wealth Advisors LLC raised its holdings in shares of Mastercard by 4.6% during the fourth quarter. Lenox Wealth Advisors LLC now owns 681 shares of the credit services provider’s stock valued at $245,000 after acquiring an additional 30 shares in the last quarter. Finally, Clearview Wealth Advisors LLC raised its holdings in shares of Mastercard by 13.2% during the fourth quarter. Clearview Wealth Advisors LLC now owns 258 shares of the credit services provider’s stock valued at $93,000 after acquiring an additional 30 shares in the last quarter. 74.94% of the stock is owned by institutional investors.

Shares of NYSE:MA opened at $316.15 on Thursday. The company has a market cap of $307.50 billion, a P/E ratio of 32.90, a PEG ratio of 1.49 and a beta of 1.01. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.34 and a quick ratio of 1.34. Mastercard Incorporated has a 1 year low of $303.65 and a 1 year high of $399.92. The stock’s fifty day moving average price is $344.96 and its 200-day moving average price is $353.06.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The credit services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.59. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.90 billion. Mastercard had a return on equity of 133.72% and a net margin of 47.70%. The company’s quarterly revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.74 earnings per share. On average, sell-side analysts anticipate that Mastercard Incorporated will post 10.52 earnings per share for the current year.

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

In other Mastercard news, insider Raj Seshadri sold 7,000 shares of the stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $367.68, for a total value of $2,573,760.00. Following the transaction, the insider now owns 10,439 shares of the company’s stock, valued at $3,838,211.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 106,326 shares of the stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $329.93, for a total value of $35,080,137.18. Following the completion of the transaction, the insider now directly owns 104,054,624 shares in the company, valued at approximately $34,330,742,096.32. The disclosure for this sale can be found here. In the last three months, insiders sold 327,543 shares of company stock worth $108,482,025. 0.33% of the stock is owned by corporate insiders.

Several brokerages recently weighed in on MA. Morgan Stanley reduced their price target on Mastercard from $449.00 to $442.00 and set an “overweight” rating on the stock in a research note on Thursday, April 21st. Citigroup reduced their price target on Mastercard from $445.00 to $435.00 in a research note on Monday, April 25th. The Goldman Sachs Group began coverage on Mastercard in a research note on Tuesday, May 17th. They issued a “buy” rating and a $460.00 price target on the stock. BMO Capital Markets reduced their price target on Mastercard from $412.00 to $402.00 in a research note on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Mastercard from $420.00 to $440.00 in a research note on Friday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $422.94.

Mastercard Company Profile (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

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MAGet Rating).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.