Mastercard Incorporated (NYSE:MA) Shares Sold by Capital Management Corp VA

Capital Management Corp VA lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,151 shares of the credit services provider’s stock after selling 143 shares during the quarter. Mastercard makes up approximately 2.2% of Capital Management Corp VA’s holdings, making the stock its 16th largest position. Capital Management Corp VA’s holdings in Mastercard were worth $12,420,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. China Universal Asset Management Co. Ltd. increased its holdings in shares of Mastercard by 46.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after purchasing an additional 4,685 shares during the period. Larson Financial Group LLC boosted its stake in Mastercard by 58.9% during the 1st quarter. Larson Financial Group LLC now owns 1,489 shares of the credit services provider’s stock valued at $717,000 after purchasing an additional 552 shares in the last quarter. Avidian Wealth Solutions LLC raised its stake in shares of Mastercard by 78.8% in the 1st quarter. Avidian Wealth Solutions LLC now owns 953 shares of the credit services provider’s stock worth $459,000 after buying an additional 420 shares in the last quarter. Gold Investment Management Ltd. boosted its stake in Mastercard by 0.4% during the first quarter. Gold Investment Management Ltd. now owns 5,665 shares of the credit services provider’s stock valued at $2,728,000 after buying an additional 23 shares in the last quarter. Finally, Signaturefd LLC raised its position in Mastercard by 6.5% in the first quarter. Signaturefd LLC now owns 21,077 shares of the credit services provider’s stock worth $10,150,000 after acquiring an additional 1,295 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now directly 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 disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock valued at $153,495,958 over the last quarter. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective for the company. Susquehanna lifted their price target on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research report on Friday. Morgan Stanley lifted their target price on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Barclays upped their target price on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $540.17.

Mastercard Trading Down 0.5 %

Shares of NYSE MA opened at $505.58 on Tuesday. The stock has a market cap of $467.08 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.23 and a beta of 1.10. The business has a 50 day simple moving average of $496.51 and a 200 day simple moving average of $467.30. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a 52 week low of $384.20 and a 52 week high of $527.90.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.39 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 14.4 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders 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 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is currently 19.97%.

Mastercard Company 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.