Annex Advisory Services LLC Sells 114 Shares of Mastercard Incorporated $MA

Annex Advisory Services LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 7.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,501 shares of the credit services provider’s stock after selling 114 shares during the quarter. Annex Advisory Services LLC’s holdings in Mastercard were worth $843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Arthur M. Cohen & Associates LLC grew its position in Mastercard by 1.3% during the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 4,719 shares of the credit services provider’s stock worth $2,652,000 after acquiring an additional 60 shares during the last quarter. Walter Public Investments Inc. grew its position in shares of Mastercard by 5.4% in the 2nd quarter. Walter Public Investments Inc. now owns 49,825 shares of the credit services provider’s stock worth $27,999,000 after buying an additional 2,571 shares during the last quarter. BTC Capital Management Inc. grew its position in shares of Mastercard by 2.0% in the 2nd quarter. BTC Capital Management Inc. now owns 25,401 shares of the credit services provider’s stock worth $14,255,000 after buying an additional 507 shares during the last quarter. Orrstown Financial Services Inc. grew its position in shares of Mastercard by 5.5% in the 2nd quarter. Orrstown Financial Services Inc. now owns 3,028 shares of the credit services provider’s stock worth $1,702,000 after buying an additional 158 shares during the last quarter. Finally, Abacus FCF Advisors LLC grew its position in shares of Mastercard by 18.9% in the 2nd quarter. Abacus FCF Advisors LLC now owns 45,440 shares of the credit services provider’s stock worth $25,535,000 after buying an additional 7,207 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Transactions at Mastercard

In related news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction on Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the completion of the sale, the insider owned 12,921 shares of the company’s stock, valued at $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,717 shares of company stock worth $22,684,831. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Down 0.4%

MA stock opened at $583.88 on Monday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The business has a fifty day moving average price of $577.23 and a 200-day moving average price of $559.16. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $527.83 billion, a P/E ratio of 39.37, a P/E/G ratio of 2.39 and a beta of 0.99.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MA. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Finally, UBS Group raised their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus target price of $630.89.

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.