Nottingham Advisors Inc. Sells 350 Shares of Mastercard Incorporated (NYSE:MA)

Nottingham Advisors Inc. reduced its position in Mastercard Incorporated (NYSE:MA) by 2.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,352 shares of the credit services provider’s stock after selling 350 shares during the period. Nottingham Advisors Inc.’s holdings in Mastercard were worth $6,593,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise raised its position 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 purchasing an additional 2,676 shares during the period. First Trust Direct Indexing L.P. raised its holdings 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. acquired a new stake in Mastercard during the first quarter worth approximately $608,000. SteelPeak Wealth LLC boosted its holdings in shares of 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 acquiring an additional 1,612 shares during the period. Finally, Sarasin & Partners LLP grew its position 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 valued at $353,897,000 after purchasing an additional 15,756 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of several recent research reports. Citigroup boosted their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Bank of America raised their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $524.64.

Mastercard Price Performance

NYSE:MA traded up $1.39 on Thursday, hitting $515.46. The company had a trading volume of 134,055 shares, compared to its average volume of 2,431,670. The firm has a 50 day moving average of $484.54 and a two-hundred day moving average of $463.60. The stock has a market capitalization of $479.18 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $517.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last announced its quarterly 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. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, research analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.99%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. 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 valued at $159,610,703 over the last quarter. 0.10% of the stock is owned by company insiders.

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.