Tandem Investment Advisors Inc. Has $56.52 Million Holdings in Mastercard Incorporated $MA

Tandem Investment Advisors Inc. cut its stake in Mastercard Incorporated (NYSE:MA) by 42.8% in the first quarter, HoldingsChannel reports. The fund owned 113,111 shares of the credit services provider’s stock after selling 84,651 shares during the period. Mastercard accounts for 2.8% of Tandem Investment Advisors Inc.’s holdings, making the stock its 18th largest position. Tandem Investment Advisors Inc.’s holdings in Mastercard were worth $56,517,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of MA. Vanguard Group Inc. increased its holdings in shares of Mastercard by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock valued at $45,612,087,000 after purchasing an additional 466,514 shares in the last quarter. J. Stern & Co. LLP lifted its holdings in Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after buying an additional 72,461,743 shares in the last quarter. State Street Corp lifted its holdings in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock worth $20,807,283,000 after buying an additional 997,536 shares in the last quarter. Geode Capital Management LLC boosted its position in Mastercard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after buying an additional 349,369 shares during the last quarter. Finally, Capital International Investors boosted its position in Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after buying an additional 759,584 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $540.00, for a total transaction of $108,000.00. Following the completion of the transaction, the insider directly owned 3,322 shares in the company, valued at approximately $1,793,880. The trade was a 5.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total value of $1,047,276.21. Following the transaction, the insider owned 16,429 shares of the company’s stock, valued at $8,702,934.17. The trade was a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,005 shares of company stock valued at $3,689,976 in the last quarter. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MA shares. TD Cowen dropped their target price on Mastercard from $671.00 to $664.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Piper Sandler initiated coverage on Mastercard in a report on Monday, June 29th. They issued an “overweight” rating and a $597.00 price target on the stock. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Raymond James Financial set a $609.00 price objective on Mastercard in a research report on Friday, May 1st. Finally, UBS Group reissued a “buy” rating on shares of Mastercard in a report on Thursday, June 25th. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $653.92.

Mastercard Price Performance

MA opened at $543.55 on Friday. The company has a fifty day moving average price of $503.99 and a two-hundred day moving average price of $516.23. The firm has a market capitalization of $480.27 billion, a PE ratio of 31.46, a P/E/G ratio of 1.69 and a beta of 0.73. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.98 and a current ratio of 0.98.

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

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors 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 yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio is currently 20.14%.

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.