Prudent Man Advisors LLC trimmed its position in Mastercard Incorporated (NYSE:MA – Free Report) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,023 shares of the credit services provider’s stock after selling 47 shares during the period. Prudent Man Advisors LLC’s holdings in Mastercard were worth $1,189,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of MA. King Luther Capital Management Corp increased its position in shares of Mastercard by 9.8% in the second quarter. King Luther Capital Management Corp now owns 50,654 shares of the credit services provider’s stock valued at $19,922,000 after acquiring an additional 4,529 shares during the last quarter. GeoWealth Management LLC acquired a new stake in shares of Mastercard in the second quarter valued at about $26,000. Davis R M Inc. increased its position in shares of Mastercard by 2.2% in the second quarter. Davis R M Inc. now owns 3,961 shares of the credit services provider’s stock valued at $1,558,000 after acquiring an additional 85 shares during the last quarter. Gateway Advisory LLC acquired a new stake in shares of Mastercard in the second quarter valued at about $205,000. Finally, ProShare Advisors LLC increased its position in shares of Mastercard by 1.1% in the second quarter. ProShare Advisors LLC now owns 203,877 shares of the credit services provider’s stock valued at $80,185,000 after acquiring an additional 2,224 shares during the last quarter. 74.94% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on MA. Morgan Stanley lowered their price target on Mastercard from $443.00 to $439.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Jefferies Financial Group upped their target price on Mastercard from $460.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, September 15th. BMO Capital Markets decreased their target price on Mastercard from $488.00 to $472.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Truist Financial boosted their price target on Mastercard from $450.00 to $475.00 and gave the company a “buy” rating in a research note on Monday, September 25th. Finally, Credit Suisse Group boosted their price target on Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $450.09.
Insider Buying and Selling
In related news, insider Timothy H. Murphy sold 7,419 shares of Mastercard stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $397.28, for a total value of $2,947,420.32. Following the sale, the insider now owns 39,007 shares of the company’s stock, valued at approximately $15,496,700.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mastercard news, Director Richard K. Davis bought 1,000 shares of the stock in a transaction on Thursday, November 9th. The shares were acquired at an average price of $390.96 per share, with a total value of $390,960.00. Following the acquisition, the director now directly owns 9,743 shares of the company’s stock, valued at approximately $3,809,123.28. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Timothy H. Murphy sold 7,419 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $397.28, for a total transaction of $2,947,420.32. Following the sale, the insider now directly owns 39,007 shares in the company, valued at approximately $15,496,700.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 533,424 shares of company stock valued at $206,051,295. 0.13% of the stock is owned by company insiders.
Mastercard Stock Performance
Shares of Mastercard stock traded up $1.14 during mid-day trading on Monday, hitting $401.44. 544,605 shares of the stock were exchanged, compared to its average volume of 2,644,712. Mastercard Incorporated has a 12 month low of $336.43 and a 12 month high of $418.60. The company has a 50-day simple moving average of $395.21 and a 200 day simple moving average of $391.66. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $376.46 billion, a P/E ratio of 34.96, a P/E/G ratio of 1.79 and a beta of 1.08.
Mastercard (NYSE:MA – Get Free Report) last posted its earnings results on Thursday, October 26th. The credit services provider reported $3.39 EPS for the quarter, topping the consensus estimate of $3.21 by $0.18. Mastercard had a net margin of 44.85% and a return on equity of 188.83%. The firm had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.53 billion. During the same quarter last year, the firm earned $2.68 EPS. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 12.16 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 9th were issued a $0.57 dividend. The ex-dividend date was Thursday, October 5th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 19.86%.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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