Mastercard Incorporated (NYSE:MA) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 26,082 shares of the credit services provider’s stock after selling 990 shares during the period. Apollon Wealth Management LLC’s holdings in Mastercard were worth $12,879,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in shares of Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new position in Mastercard in the second quarter valued at $34,000. Fairway Wealth LLC purchased a new position in Mastercard in the second quarter valued at $35,000. First Personal Financial Services purchased a new position in Mastercard in the third quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC boosted its holdings in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent research reports. Citigroup lifted their target price on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Compass Point assumed coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. Robert W. Baird raised their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Finally, Macquarie lifted their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Stock Up 1.0 %

Mastercard stock opened at $530.12 on Tuesday. The company has a market cap of $486.56 billion, a P/E ratio of 40.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a fifty day simple moving average of $499.68 and a 200 day simple moving average of $468.93. Mastercard Incorporated has a 1-year low of $393.02 and a 1-year high of $534.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same period last year, the firm earned $3.39 earnings per share. Mastercard’s revenue for the quarter was up 12.8% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the sale, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. 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 accessible through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by 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.