Meitav Investment House Ltd. Trims Holdings in Mastercard Incorporated $MA

Meitav Investment House Ltd. lowered its holdings in Mastercard Incorporated (NYSE:MA) by 0.5% in the second quarter, HoldingsChannel reports. The firm owned 76,157 shares of the credit services provider’s stock after selling 384 shares during the quarter. Meitav Investment House Ltd.’s holdings in Mastercard were worth $42,753,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Accredited Investors Inc. raised its position in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after buying an additional 18 shares during the last quarter. Wealthstream Advisors Inc. raised its position in Mastercard by 2.9% during the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after buying an additional 18 shares during the last quarter. Phillips Wealth Planners LLC increased its holdings in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock valued at $538,000 after purchasing an additional 19 shares in the last quarter. Alta Wealth Advisors LLC increased its holdings in shares of Mastercard by 3.6% in the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock valued at $296,000 after purchasing an additional 19 shares in the last quarter. Finally, May Hill Capital LLC increased its holdings in shares of Mastercard by 2.0% in the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock valued at $540,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% 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 the SEC website. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Truist Financial cut their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Royal Bank Of Canada increased their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. KeyCorp increased their price target on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Morgan Stanley increased their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $634.04.

Mastercard Stock Performance

Shares of NYSE MA opened at $578.91 on Tuesday. The company has a market cap of $523.34 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. 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 company has a 50-day simple moving average of $580.46 and a 200-day simple moving average of $562.33.

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

Mastercard Announces Dividend

The business also recently announced 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. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Mastercard 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.