Mastercard Incorporated $MA Shares Sold by Okabena Investment Services Inc.

Okabena Investment Services Inc. lowered its stake in Mastercard Incorporated (NYSE:MA) by 30.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,119 shares of the credit services provider’s stock after selling 2,649 shares during the period. Mastercard makes up about 0.8% of Okabena Investment Services Inc.’s investment portfolio, making the stock its 29th largest holding. Okabena Investment Services Inc.’s holdings in Mastercard were worth $3,439,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pinion Investment Advisors LLC boosted its position in shares of 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 purchasing an additional 18 shares during the period. KRS Capital Management LLC increased its position in shares of Mastercard by 0.6% in the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after acquiring an additional 18 shares in the last quarter. Nvest Financial LLC raised its holdings in shares of Mastercard by 1.2% during the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock valued at $846,000 after acquiring an additional 18 shares during the period. Washington Trust Advisors Inc. lifted its position in shares of Mastercard by 5.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after acquiring an additional 18 shares in the last quarter. Finally, Rialto Wealth Management LLC raised its stake in Mastercard by 13.0% during the 2nd quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after purchasing an additional 18 shares during the period. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 1.2%

MA stock opened at $551.25 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market cap of $495.02 billion, a PE ratio of 37.17, a PEG ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a fifty day simple moving average of $559.06 and a 200 day simple moving average of $568.20.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were issued 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 of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MA. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Compass Point set a $620.00 target price on shares of Mastercard and gave the stock a “neutral” rating in a research report on Friday, October 31st. Truist Financial lowered their price target on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a report on Tuesday, November 4th. Royal Bank Of Canada upped their price target on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Cowen reiterated a “buy” rating on shares of Mastercard in a report on Friday, October 31st. Four investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus target price of $652.50.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

Mastercard 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.