Mastercard Incorporated $MA Shares Sold by MGO One Seven LLC

MGO One Seven LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 36.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,467 shares of the credit services provider’s stock after selling 9,434 shares during the quarter. MGO One Seven LLC’s holdings in Mastercard were worth $8,457,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Robinswood Financial LLC acquired a new position in shares of Mastercard during the first quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $27,000. Hyposwiss Advisors SA purchased a new position in Mastercard in the fourth quarter worth approximately $29,000. Finally, First Pacific Financial lifted its stake in Mastercard by 113.8% in the first quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 33 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Piper Sandler started coverage on Mastercard in a research report on Monday, June 29th. They set an “overweight” rating and a $597.00 price objective for the company. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Barclays lifted their target price on Mastercard from $640.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Clear Str raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Cantor Fitzgerald upped their price objective on shares of Mastercard from $650.00 to $695.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Five analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $661.93.

Mastercard Stock Performance

Shares of MA stock opened at $599.69 on Tuesday. The company has a market cap of $525.34 billion, a price-to-earnings ratio of 32.99, a price-to-earnings-growth ratio of 1.74 and a beta of 0.71. The stock has a 50 day simple moving average of $540.98 and a 200-day simple moving average of $518.14. Mastercard Incorporated has a 12-month low of $464.52 and a 12-month high of $601.62. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 3.96.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.77 by $0.27. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.08 billion. During the same period in the previous year, the business earned $4.15 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, equities analysts forecast that Mastercard Incorporated will post 19.86 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, July 9th. Mastercard’s payout ratio is presently 19.14%.

Insider Activity at Mastercard

In related news, insider Linda Pistecchia Kirkpatrick sold 4,280 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $570.31, for a total value of $2,440,926.80. Following the completion of the sale, the insider owned 31,179 shares in the company, valued at $17,781,695.49. This trade represents a 12.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $572.07, for a total transaction of $572,070.00. Following the sale, the insider directly owned 39,916 shares in the company, valued at approximately $22,834,746.12. This represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 71,357 shares of company stock worth $40,637,262. 0.09% of the stock is currently owned by insiders.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.