Callan Capital LLC Sells 173 Shares of Mastercard Incorporated (NYSE:MA)

Callan Capital LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 10.8% in the 4th quarter, HoldingsChannel reports. The firm owned 1,435 shares of the credit services provider’s stock after selling 173 shares during the quarter. Callan Capital LLC’s holdings in Mastercard were worth $612,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MA. Cypress Wealth Services LLC lifted its stake in shares of Mastercard by 2.9% in the 4th quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC raised its position in Mastercard by 1.2% during the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock worth $851,000 after purchasing an additional 24 shares during the last quarter. TRUE Private Wealth Advisors raised its position in Mastercard by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after purchasing an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO raised its position in Mastercard by 4.4% during the 4th quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock worth $255,000 after purchasing an additional 25 shares during the last quarter. Finally, Tufton Capital Management raised its position in Mastercard by 4.5% during the 4th quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MA. Evercore ISI raised their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. TD Cowen began coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target for the company. Robert W. Baird increased their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, KeyCorp increased their price target on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Two 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. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $490.23.

Mastercard Stock Up 0.1 %

MA stock traded up $0.31 during mid-day trading on Friday, reaching $462.42. 1,956,477 shares of the company traded hands, compared to its average volume of 2,410,342. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The firm’s 50 day moving average price is $471.35 and its 200 day moving average price is $436.10. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market cap of $431.39 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 1.76 and a beta of 1.08.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. During the same quarter last year, the firm earned $2.65 EPS. As a group, equities research analysts predict that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.57%. Mastercard’s payout ratio is 22.32%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The stock was 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 in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 13,542 shares of the stock in a transaction on 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 owns 46,491 shares in the company, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,630 shares of company stock worth $168,746,490. Insiders own 0.13% of the company’s stock.

Mastercard Company 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.