Mastercard Incorporated (NYSE:MA) Stock Holdings Trimmed by Abel Hall LLC

Abel Hall LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 961 shares of the credit services provider’s stock after selling 50 shares during the quarter. Abel Hall LLC’s holdings in Mastercard were worth $475,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MA. Occidental Asset Management LLC lifted its stake in shares of Mastercard by 31.6% in the 2nd quarter. Occidental Asset Management LLC now owns 787 shares of the credit services provider’s stock worth $347,000 after acquiring an additional 189 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Mastercard by 5.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,746 shares of the credit services provider’s stock valued at $6,947,000 after purchasing an additional 863 shares in the last quarter. WASHINGTON TRUST Co increased its position in shares of Mastercard by 2.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 1,887 shares of the credit services provider’s stock valued at $832,000 after purchasing an additional 51 shares during the period. Foguth Wealth Management LLC. raised its stake in shares of Mastercard by 61.9% in the 2nd quarter. Foguth Wealth Management LLC. now owns 717 shares of the credit services provider’s stock worth $316,000 after buying an additional 274 shares in the last quarter. Finally, Bank Pictet & Cie Asia Ltd. lifted its holdings in shares of Mastercard by 24.2% in the second quarter. Bank Pictet & Cie Asia Ltd. now owns 13,300 shares of the credit services provider’s stock valued at $5,867,000 after buying an additional 2,595 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Mastercard Trading Up 0.7 %

NYSE MA opened at $528.57 on Monday. The company has a market capitalization of $485.14 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $409.23 and a 1-year high of $535.77. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The firm’s fifty day simple moving average is $513.84 and its 200-day simple moving average is $478.81.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the previous year, the company earned $3.39 EPS. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. Mastercard’s dividend payout ratio is currently 19.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer began coverage on shares of Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 target price on the stock. Robert W. Baird raised their target price on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $572.00 price objective on shares of Mastercard in a research report on Thursday, November 14th. Finally, Piper Sandler reissued an “overweight” rating and set a $575.00 price objective (up from $565.00) on shares of Mastercard in a research note on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $551.42.

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.