Richwood Investment Advisors LLC Sells 46 Shares of Mastercard Incorporated (NYSE:MA)

Richwood Investment Advisors LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 1.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 3,866 shares of the credit services provider’s stock after selling 46 shares during the quarter. Mastercard accounts for approximately 1.6% of Richwood Investment Advisors LLC’s portfolio, making the stock its 12th largest holding. Richwood Investment Advisors LLC’s holdings in Mastercard were worth $1,909,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise raised its stake in shares of Mastercard by 6.9% in the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock valued at $19,865,000 after buying an additional 2,676 shares during the period. First Trust Direct Indexing L.P. raised its stake in Mastercard by 14.2% in the 1st quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after acquiring an additional 2,556 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in Mastercard during the first quarter valued at about $608,000. SteelPeak Wealth LLC boosted its position in Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares during the period. Finally, Sarasin & Partners LLP increased its stake in shares of Mastercard by 2.2% in the first quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider’s stock worth $353,897,000 after purchasing an additional 15,756 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock worth $159,610,703 in the last quarter. 0.10% of the stock is owned by insiders.

Mastercard Price Performance

Shares of NYSE:MA traded up $1.36 during trading on Tuesday, reaching $508.02. The company had a trading volume of 567,574 shares, compared to its average volume of 2,428,927. The company has a fifty day moving average of $482.08 and a two-hundred day moving average of $463.06. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $472.26 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $509.55.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Equities research analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MA. Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Finally, Susquehanna increased their price objective on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $523.27.

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.