Mastercard Incorporated (NYSE:MA) Stock Position Trimmed by Marshall & Sullivan Inc. WA

Marshall & Sullivan Inc. WA lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,361 shares of the credit services provider’s stock after selling 304 shares during the quarter. Mastercard accounts for 3.4% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 10th largest position. Marshall & Sullivan Inc. WA’s holdings in Mastercard were worth $7,091,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Banque Cantonale Vaudoise boosted its stake in shares of Mastercard by 6.9% in the first quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock worth $19,865,000 after buying an additional 2,676 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Mastercard by 14.2% in the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock worth $9,897,000 after buying an additional 2,556 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new position in Mastercard during the first quarter worth approximately $608,000. SteelPeak Wealth LLC boosted its position in Mastercard by 48.6% during the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares in the last quarter. Finally, GLOBALT Investments LLC GA purchased a new position in Mastercard during the fourth quarter worth approximately $6,427,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 in the company, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard 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 completion of the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of Mastercard stock opened at $502.25 on Friday. Mastercard Incorporated has a one year low of $359.77 and a one year high of $502.92. The company has a market cap of $464.00 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day moving average price is $480.78 and its 200 day moving average price is $463.08.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, research analysts predict that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio is currently 20.18%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Compass Point assumed coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target on the stock. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Barclays increased their price target on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Piper Sandler increased their price target on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Five analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average target price of $518.96.

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.