Legacy Financial Strategies LLC Has $227,000 Position in Mastercard Incorporated (NYSE:MA)

Legacy Financial Strategies LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 14.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 459 shares of the credit services provider’s stock after selling 75 shares during the quarter. Legacy Financial Strategies LLC’s holdings in Mastercard were worth $227,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC acquired a new stake in Mastercard in the first quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in Mastercard during the 2nd quarter worth about $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the 2nd quarter valued at about $35,000. Finally, Steph & Co. bought a new position in shares of Mastercard in the 1st quarter valued at about $43,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MA shares. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Piper Sandler increased their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. KeyCorp lifted their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird boosted their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday. Four investment 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 data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $524.64.

Mastercard Stock Up 0.5 %

Shares of MA stock traded up $2.58 during trading on Friday, reaching $516.34. The company’s stock had a trading volume of 2,604,684 shares, compared to its average volume of 2,442,889. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a one year low of $359.77 and a one year high of $518.00. The business has a fifty day moving average price of $486.90 and a 200-day moving average price of $464.21. The company has a market cap of $480.00 billion, a price-to-earnings ratio of 41.05, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

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

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by company insiders.

About Mastercard

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.