Saturna Capital Corp Sells 225 Shares of Mastercard Incorporated $MA

Saturna Capital Corp lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,947 shares of the credit services provider’s stock after selling 225 shares during the quarter. Saturna Capital Corp’s holdings in Mastercard were worth $3,342,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MA. LGT Financial Advisors LLC acquired a new stake in Mastercard during the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Mastercard in the 2nd quarter valued at $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MA has been the topic of several research analyst reports. TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Tigress Financial increased their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Cowen restated a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Royal Bank Of Canada boosted their target price on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $652.50.

Mastercard Stock Performance

Shares of MA opened at $527.63 on Wednesday. The firm has a market capitalization of $473.81 billion, a P/E ratio of 35.58, a P/E/G ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a 50 day moving average price of $566.34 and a two-hundred day moving average price of $569.80. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

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

Mastercard Dividend Announcement

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

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.09% 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.