Mastercard Incorporated $MA Shares Sold by Main Street Research LLC

Main Street Research LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 29.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 477 shares of the credit services provider’s stock after selling 203 shares during the period. Main Street Research LLC’s holdings in Mastercard were worth $268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MA. Vanguard Group Inc. raised its stake in shares of Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after acquiring an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard in the 2nd quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD raised its stake in shares of Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares during the period. Wellington Management Group LLP raised its stake in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after acquiring an additional 3,765,378 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Mastercard in the 1st quarter valued at $4,238,764,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MA shares. Robert W. Baird raised their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the company an “overweight” rating in a research note on Friday. Cowen reissued a “buy” rating on shares of Mastercard in a research note on Friday. Compass Point set a $620.00 target price on shares of Mastercard and gave the company a “neutral” rating in a research note on Friday. Finally, Truist Financial cut their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday. Four investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $647.59.

Mastercard Stock Performance

Shares of MA stock opened at $552.68 on Wednesday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. 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 firm has a market capitalization of $499.63 billion, a P/E ratio of 37.27, a P/E/G ratio of 2.27 and a beta of 0.97. The company’s fifty day moving average price is $574.64 and its two-hundred day moving average price is $568.88.

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

Mastercard Dividend Announcement

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

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

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.