NorthRock Partners LLC Lowers Stock Holdings in Mastercard Incorporated (NYSE:MA)

NorthRock Partners LLC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 13.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,423 shares of the credit services provider’s stock after selling 811 shares during the period. NorthRock Partners LLC’s holdings in Mastercard were worth $2,678,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Highline Wealth Partners LLC purchased a new stake in Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard during the second quarter worth approximately $34,000. Fairway Wealth LLC acquired a new stake in Mastercard in the second quarter valued at approximately $35,000. Lowe Wealth Advisors LLC lifted its stake in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the last quarter. Finally, VitalStone Financial LLC lifted its stake in Mastercard by 55.0% in the first quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after acquiring an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, 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 at this hyperlink. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 327,370 shares of company stock worth $153,495,958 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Mastercard Trading Down 0.0 %

Mastercard stock traded down $0.08 during midday trading on Tuesday, reaching $505.50. The stock had a trading volume of 66,901 shares, compared to its average volume of 2,437,729. The stock has a market capitalization of $467.00 billion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.23 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The stock’s 50-day simple moving average is $496.51 and its 200 day simple moving average is $467.30. Mastercard Incorporated has a twelve month low of $384.20 and a twelve month high of $527.90.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. During the same quarter in the prior year, the business earned $3.39 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 14.4 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed 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. This represents a $2.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.97%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Macquarie lifted their price target on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday. Barclays boosted their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Oppenheimer began coverage on shares of Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. Finally, Piper Sandler restated an “overweight” rating and issued a $565.00 target price (up previously from $536.00) on shares of Mastercard in a report on Friday. Four research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.