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

Capital Management Corp VA trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 0.6% during 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 about 2.2% of Capital Management Corp VA’s holdings, making the stock its 16th biggest position. Capital Management Corp VA’s holdings in Mastercard were worth $12,420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Coppell Advisory Solutions Corp. purchased a new position in Mastercard in the 1st quarter valued at $608,000. SteelPeak Wealth LLC lifted its position in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares during the period. Sarasin & Partners LLP grew its holdings in Mastercard by 4.7% during the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after acquiring an additional 37,486 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Mastercard in the first quarter worth $2,938,000. Finally, OMC Financial Services LTD acquired a new stake in Mastercard in the first quarter valued at $17,854,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’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 in the company, valued at $7,363,085.66. This trade 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 through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction 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 owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. 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 in the last three months. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Down 0.5 %

Shares of NYSE MA opened at $505.58 on Tuesday. The stock has a fifty day moving average price of $496.51 and a 200 day moving average price of $467.30. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12-month low of $384.20 and a 12-month high of $527.90. The company has a market cap of $467.08 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its 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. The business 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 business’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 company posted $3.39 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 14.4 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Analyst Ratings Changes

A number of analysts recently commented on MA shares. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Robert W. Baird upped their price target on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Morgan Stanley lifted their price objective on Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $565.00 price target (up previously from $536.00) on shares of Mastercard in a research note on Friday. Finally, Citigroup raised their target price on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday. Four investment 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

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.