Amica Mutual Insurance Co. Decreases Stake in Mastercard Incorporated

Amica Mutual Insurance Co. has reduced its stake in Mastercard Incorporated (NYSE:MA) by 5.6% during the fourth quarter, based on its latest Form 13F filing with the Securities and Exchange Commission. After selling 1,667 shares, the institutional investor now owns 28,130 shares of the credit services provider. Mastercard represents 1.5% of Amica Mutual Insurance Co.'s portfolio, making it the tenth largest holding for the company. As per the recent filing, Amica Mutual Insurance Co.'s holdings in Mastercard are valued at approximately $14,812,000.

Several other significant investors have also adjusted their stakes in Mastercard. For instance, Raymond James Financial Inc. acquired a new position worth $837,017,000 in the fourth quarter. Proficio Capital Partners LLC remarkably increased its stake by 79,739.7%, now owning 1,555,277 shares valued at $818,962,000 after buying an additional 1,553,329 shares. American Century Companies Inc. raised its position by 12.9%, now holding 5,079,915 shares worth about $2,674,932,000 after an additional acquisition of 581,697 shares. Likewise, Amundi increased its stake by 13.1% during the same period. Geode Capital Management LLC grew its shares by 2.5% in the third quarter, bringing its total to 18,375,053 shares valued at $9,043,972,000. Overall, institutional investors, including hedge funds, control 97.28% of Mastercard's shares.

Recent Changes in Analyst Ratings

Various analysts have recently made modifications to their ratings for Mastercard. KeyCorp raised its price target from $600 to $630, giving the stock an "overweight" rating on January 31st. Similarly, Keefe, Bruyette & Woods increased their target price to $665 and rated the stock as "outperform". DZ Bank upgraded its rating from "hold" to "buy" with a new target of $620. Citigroup also upped its price target from $584 to $650 and rated the stock as "buy". Wells Fargo increased its price target to $625 while maintaining an "overweight" rating. Currently, the stock has received a consensus rating of "Moderate Buy" from analysts, with an average target price of $606.11.

Insider Transactions at Mastercard

In recent insider activities, Edward Grunde Mclaughlin, a company insider, sold 7,132 shares on March 19th at an average price of $534.68, amounting to a total of approximately $3,813,337.76. Post-transaction, he holds 34,524 shares valued at roughly $18,459,292.32, marking a 17.12% decrease in his shares. Currently, insiders hold about 0.10% of the stock.

Mastercard Stock Performance

On Thursday, Mastercard shares opened at $549.13. The company boasts a market cap of $500.64 billion, a P/E ratio of 39.53, and a P/E/G ratio of 2.37, with a beta of 1.10. The stock’s 12-month low is $428.86, while the high is $582.23. In the last quarter, it recorded a 50-day moving average price of $549.58 and a 200-day moving average of $526.06. The company functions with a current ratio of 1.03, a quick ratio of 1.03, and a debt-to-equity ratio of 2.68. Recently, Mastercard announced its quarterly earnings on January 30, reporting earnings per share (EPS) of $3.82, which surpassed the expected $3.71.

Dividend Announcement by Mastercard

The firm has also announced a quarterly dividend that will be paid on May 9th, with shareholders on record as of April 9th set to receive $0.76 per share. This equates to an annualized dividend of $3.04, yielding about 0.55%. Currently, Mastercard's payout ratio stands at 21.89%. In addition, the Board of Directors initiated a stock buyback plan on December 17, allowing the repurchase of up to $12 billion worth of shares, covering approximately 2.5% of its stock.

Company Overview of Mastercard

Mastercard Incorporated is a technology-driven company that provides transaction processing and other payment-related products globally. It offers services to account holders, merchants, financial institutions, digital partners, and various organizations. These services include payment solutions for accessing funds, credit, debit, and prepaid products.

Amica, Mastercard, Insurance