Mastercard Incorporated $MA Shares Sold by HMS Capital Management LLC

HMS Capital Management LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 3,333 shares of the credit services provider’s stock after selling 89 shares during the period. HMS Capital Management LLC’s holdings in Mastercard were worth $1,873,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Flaharty Asset Management LLC acquired a new position in Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC acquired a new position in Mastercard during the first quarter worth $31,000. 10Elms LLP acquired a new position in Mastercard during the fourth quarter worth $33,000. Hughes Financial Services LLC acquired a new position in Mastercard during the first quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Mastercard in the fourth quarter valued at about $36,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Mastercard stock opened at $580.75 on Friday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market cap of $525.00 billion, a P/E ratio of 39.16, a PEG ratio of 2.41 and a beta of 0.99. The company has a 50-day moving average price of $574.60 and a 200 day moving average price of $558.33. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business earned $3.50 earnings per share. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were paid a $0.76 dividend. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, insider Raj Seshadri sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider directly owned 23,624 shares in the company, valued at approximately $13,229,440. The trade was a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,094 shares of company stock valued at $26,521,861 over the last quarter. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on MA shares. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. KeyCorp increased their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada increased their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company increased their target price on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $626.54.

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.