Mastercard Incorporated $MA Shares Sold by Sepio Capital LP

Sepio Capital LP lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 2.8% in the second quarter, Holdings Channel reports. The firm owned 4,626 shares of the credit services provider’s stock after selling 133 shares during the period. Sepio Capital LP’s holdings in Mastercard were worth $2,600,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard in the second quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard during the 2nd quarter valued at $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard in the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Up 1.2%

Shares of NYSE:MA opened at $551.25 on Monday. The firm has a market cap of $495.02 billion, a PE ratio of 37.17, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a fifty day simple moving average of $559.06 and a 200 day simple moving average of $568.20. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. The company 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%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period last year, the business earned $3.89 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird upped their target price on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Compass Point set a $620.00 price target on Mastercard and gave the stock a “neutral” rating in a research report on Friday, October 31st. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $713.00 target price on shares of Mastercard in a research report on Thursday, October 30th. Finally, UBS Group raised their price target on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $652.50.

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.