Amica Retiree Medical Trust Trims Stock Holdings in Mastercard Incorporated $MA

Amica Retiree Medical Trust cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,324 shares of the credit services provider’s stock after selling 170 shares during the period. Mastercard accounts for about 1.9% of Amica Retiree Medical Trust’s holdings, making the stock its 11th biggest position. Amica Retiree Medical Trust’s holdings in Mastercard were worth $1,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Brighton Jones LLC raised its stake in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Genus Capital Management Inc. increased its holdings in shares of Mastercard by 200.0% in the first quarter. Genus Capital Management Inc. now owns 565 shares of the credit services provider’s stock valued at $310,000 after purchasing an additional 1,130 shares during the period. Riversedge Advisors LLC purchased a new stake in shares of Mastercard during the first quarter worth approximately $372,000. Berbice Capital Management LLC lifted its holdings in shares of Mastercard by 0.3% during the first quarter. Berbice Capital Management LLC now owns 10,862 shares of the credit services provider’s stock worth $5,954,000 after purchasing an additional 30 shares during the period. Finally, Coyle Financial Counsel LLC purchased a new position in Mastercard in the 1st quarter valued at $264,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MA shares. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Robert W. Baird raised their price objective on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Finally, Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $649.26.

Mastercard Stock Down 0.2%

MA stock opened at $551.98 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day simple moving average is $572.24 and its 200-day simple moving average is $569.24. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $499.00 billion, a PE ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.89 EPS. Equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

About Mastercard

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.