Perigon Wealth Management LLC Has $20.38 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Perigon Wealth Management LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,270 shares of the credit services provider’s stock after selling 4,420 shares during the quarter. Mastercard comprises about 0.5% of Perigon Wealth Management LLC’s portfolio, making the stock its 29th biggest holding. Perigon Wealth Management LLC’s holdings in Mastercard were worth $20,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MA. Westend Capital Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Scarborough Advisors LLC acquired a new position in shares of Mastercard during the 4th quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $34,000. Finally, Fairway Wealth LLC acquired a new position in Mastercard in the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, 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 value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Mastercard news, 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 value of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of MA stock traded down $0.90 on Thursday, hitting $513.17. 396,377 shares of the company’s stock were exchanged, compared to its average volume of 2,432,635. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $517.05. The stock has a market cap of $477.05 billion, a P/E ratio of 40.86, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a 50 day moving average of $484.54 and a 200 day moving average of $463.60.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping 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 business had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. On average, equities research analysts predict that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued 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 0.51%. Mastercard’s payout ratio is presently 20.99%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Robert W. Baird upped their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup upped their price objective on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Susquehanna upped their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Evercore ISI decreased their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Finally, Royal Bank of Canada upped their price objective on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $524.64.

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.