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

Planning Capital Management Corp lessened its stake in Mastercard Incorporated (NYSE:MA) by 10.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 770 shares of the credit services provider’s stock after selling 89 shares during the quarter. Planning Capital Management Corp’s holdings in Mastercard were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Highline Wealth Partners LLC purchased a new stake in shares of Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the second quarter worth $34,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard during the second quarter worth $35,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the third quarter worth $39,000. Finally, Lowe Wealth Advisors LLC grew its holdings in shares of Mastercard by 74.0% during 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 in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays upped their price objective on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Piper Sandler reissued an “overweight” rating and issued a $565.00 price objective (up previously from $536.00) on shares of Mastercard in a report on Friday, November 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Mizuho upped their price objective on shares of Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $542.88.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. 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 through this hyperlink. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This 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 327,370 shares of company stock valued at $153,495,958 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Mastercard Stock Down 1.4 %

Shares of MA opened at $521.50 on Thursday. The company’s 50-day simple moving average is $502.32 and its 200-day simple moving average is $470.24. The stock has a market capitalization of $478.65 billion, a PE ratio of 39.45, a P/E/G ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a 1 year low of $394.76 and a 1 year high of $534.03. 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 (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.39 earnings per share. Analysts forecast that Mastercard Incorporated will post 14.45 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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 $0.66 dividend. 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 dividend payout ratio (DPR) is 19.97%.

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.