Bank of Montreal Can Lowers Stock Holdings in Mastercard Incorporated $MA

Bank of Montreal Can trimmed its stake in Mastercard Incorporated (NYSE:MA) by 44.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,795,660 shares of the credit services provider’s stock after selling 1,408,228 shares during the period. Bank of Montreal Can’s holdings in Mastercard were worth $1,009,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Accredited Investors Inc. boosted its position in Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after buying an additional 18 shares during the period. Wealthstream Advisors Inc. boosted its position in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after buying an additional 18 shares during the period. Pinion Investment Advisors LLC boosted its position in Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after buying an additional 18 shares during the period. KRS Capital Management LLC boosted its position in Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after buying an additional 18 shares during the period. Finally, Nvest Financial LLC boosted its position in Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after buying an additional 18 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Down 0.2%

NYSE:MA opened at $552.59 on Monday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $499.54 billion, a P/E ratio of 37.26, a P/E/G ratio of 2.27 and a beta of 0.97. The firm has a 50-day simple moving average of $576.43 and a 200-day simple moving average of $568.44.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 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 analyst estimates of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.89 EPS. Equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is 19.44%.

Analyst Ratings Changes

Several equities research analysts have issued reports on MA shares. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a research report on Friday. UBS Group boosted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday. Truist Financial set a $638.00 price target on shares of Mastercard in a report on Friday, October 24th. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, TD Cowen restated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $647.89.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by company 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.