Mastercard Incorporated (NYSE:MA) Shares Sold by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC trimmed its stake in Mastercard Incorporated (NYSE:MA) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 604 shares of the credit services provider’s stock after selling 88 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in Mastercard were worth $298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sarasin & Partners LLP raised its holdings in Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after acquiring an additional 37,486 shares during the last quarter. Principal Financial Group Inc. lifted its position in Mastercard by 4.8% during the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock worth $1,497,160,000 after buying an additional 138,842 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in Mastercard in the 1st quarter worth about $608,000. SteelPeak Wealth LLC grew its holdings in Mastercard by 48.6% in the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after buying an additional 1,612 shares during the period. Finally, OMC Financial Services LTD purchased a new position in shares of Mastercard during the 1st quarter worth about $17,854,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of NYSE:MA traded down $0.93 during trading on Thursday, hitting $520.95. 433,931 shares of the company traded hands, compared to its average volume of 2,442,771. The stock has a market capitalization of $478.14 billion, a price-to-earnings ratio of 39.45, a PEG ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a one year low of $394.76 and a one year high of $534.03. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s fifty day moving average is $502.32 and its 200-day moving average is $470.24.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm posted $3.39 EPS. Mastercard’s revenue was up 12.8% compared to the same quarter last year. As a group, equities analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is 19.97%.

Insiders Place Their Bets

In other news, 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 value of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 327,370 shares of company stock worth $153,495,958 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MA shares. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Morgan Stanley boosted their price objective on shares of Mastercard from $544.00 to $564.00 and gave the company an “overweight” rating in a research note on Thursday. 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. BMO Capital Markets upped their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Macquarie boosted their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $545.56.

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.