Founders Financial Alliance LLC Sells 235 Shares of Mastercard Incorporated (NYSE:MA)

Founders Financial Alliance LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 26.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 653 shares of the credit services provider’s stock after selling 235 shares during the period. Founders Financial Alliance LLC’s holdings in Mastercard were worth $288,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. VitalStone Financial LLC increased its holdings in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the period. Westend Capital Management LLC purchased a new position in Mastercard during the first quarter worth about $27,000. Palisade Asset Management LLC bought a new position in Mastercard in the 1st quarter worth about $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard in the 4th quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in shares of Mastercard during the 4th quarter valued at about $30,000. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MA. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Compass Point started coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. Citigroup increased their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Argus raised Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Finally, Piper Sandler increased their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $517.22.

Mastercard Stock Up 0.5 %

Shares of NYSE:MA opened at $496.19 on Wednesday. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $501.80. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $472.79 and its 200 day moving average is $462.01. The company has a market cap of $461.27 billion, a PE ratio of 39.44, a P/E/G ratio of 1.96 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $6.85 billion. Sell-side analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders 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 annualized dividend and a dividend yield of 0.53%. Mastercard’s dividend payout ratio is 20.99%.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,809 shares of company stock valued at $159,610,703. Corporate insiders own 0.10% of the company’s stock.

About Mastercard

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.