Mastercard Incorporated (NYSE:MA) Shares Sold by Mizuho Securities USA LLC

Mizuho Securities USA LLC trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 73.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,723 shares of the credit services provider’s stock after selling 46,579 shares during the quarter. Mizuho Securities USA LLC’s holdings in Mastercard were worth $8,258,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MA. China Universal Asset Management Co. Ltd. grew its position in Mastercard by 46.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after buying an additional 4,685 shares during the period. Edgestream Partners L.P. grew its position in shares of Mastercard by 35.2% during the 1st quarter. Edgestream Partners L.P. now owns 8,723 shares of the credit services provider’s stock valued at $4,201,000 after acquiring an additional 2,270 shares during the period. Covestor Ltd increased its stake in shares of Mastercard by 4.8% in the 1st quarter. Covestor Ltd now owns 1,172 shares of the credit services provider’s stock valued at $565,000 after purchasing an additional 54 shares in the last quarter. Rockport Wealth LLC acquired a new position in Mastercard in the 1st quarter worth about $1,245,000. Finally, O Shaughnessy Asset Management LLC boosted its position in Mastercard by 19.9% during the first quarter. O Shaughnessy Asset Management LLC now owns 82,375 shares of the credit services provider’s stock worth $39,669,000 after purchasing an additional 13,685 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated 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. The trade was a 0.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 23.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,370 shares of company stock worth $97,749,218 over the last 90 days. 0.10% of the stock is owned by insiders.

Mastercard Price Performance

Mastercard stock opened at $521.89 on Friday. The company’s 50 day moving average is $504.09 and its two-hundred day moving average is $471.18. The firm has a market cap of $479.01 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 52-week low of $395.55 and a 52-week high of $534.03.

Mastercard (NYSE:MA) last released 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. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business posted $3.39 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.47 EPS 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 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%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MA shares. BNP Paribas cut shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research note on Tuesday, September 3rd. Compass Point began coverage on shares of Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target for the company. TD Cowen lifted their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Mizuho lifted their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $549.16.

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.