DeDora Capital Inc. Sells 440 Shares of Mastercard Incorporated (NYSE:MA)

DeDora Capital Inc. lowered its holdings in Mastercard Incorporated (NYSE:MA) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,022 shares of the credit services provider’s stock after selling 440 shares during the period. DeDora Capital Inc.’s holdings in Mastercard were worth $2,418,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MA. Altshuler Shaham Ltd purchased a new position in Mastercard during the 4th quarter valued at about $26,000. VitalStone Financial LLC grew its stake in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Mastercard during the 4th quarter worth approximately $27,000. Westend Capital Management LLC purchased a new stake in Mastercard in the 1st quarter worth approximately $27,000. Finally, Scarborough Advisors LLC bought a new position in Mastercard in the 4th quarter valued at $28,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 200 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 583,088 shares of company stock worth $266,873,978. 0.13% of the stock is owned by corporate insiders.

Mastercard Trading Up 0.6 %

Shares of Mastercard stock traded up $2.48 on Friday, hitting $443.58. The stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. The stock’s 50-day simple moving average is $469.57 and its two-hundred day simple moving average is $437.74. Mastercard Incorporated has a one year low of $357.85 and a one year high of $490.00. The stock has a market cap of $413.81 billion, a price-to-earnings ratio of 35.26, a PEG ratio of 1.71 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. Mastercard’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $2.80 earnings per share. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.32 EPS for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be given a dividend of $0.66 per share. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. Mastercard’s dividend payout ratio is presently 20.99%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. The Goldman Sachs Group raised their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Raymond James lifted their price target on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. TD Cowen assumed coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Finally, Morgan Stanley cut their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $493.55.

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.