Rosenberg Matthew Hamilton Sells 31 Shares of Mastercard Incorporated (NYSE:MA)

Rosenberg Matthew Hamilton cut its holdings in Mastercard Incorporated (NYSE:MA) by 11.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 245 shares of the credit services provider’s stock after selling 31 shares during the period. Rosenberg Matthew Hamilton’s holdings in Mastercard were worth $121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in Mastercard during the 3rd quarter valued at about $25,000. Palisade Asset Management LLC bought a new stake in Mastercard in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the second quarter valued at approximately $34,000. Fairway Wealth LLC bought a new position in shares of Mastercard in the second quarter worth approximately $35,000. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after buying an additional 37 shares during the period. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were 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 directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’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 transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 in the last quarter. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $499.08 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $461.07 billion, a P/E ratio of 38.16, a P/E/G ratio of 2.27 and a beta of 1.10. The business’s 50 day moving average price is $494.93 and its 200-day moving average price is $466.50. Mastercard Incorporated has a 52 week low of $373.11 and a 52 week high of $527.90.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping 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 business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Equities research analysts anticipate that Mastercard Incorporated will post 14.33 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.18%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Citigroup upped their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. upped their target price on Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

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.