Mastercard Incorporated $MA Shares Sold by Moser Wealth Advisors LLC

Moser Wealth Advisors LLC reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 13,959 shares of the credit services provider’s stock after selling 95 shares during the quarter. Mastercard accounts for 3.8% of Moser Wealth Advisors LLC’s holdings, making the stock its 7th biggest position. Moser Wealth Advisors LLC’s holdings in Mastercard were worth $7,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Mastercard during the 2nd quarter worth about $11,421,213,000. Nuveen LLC bought a new position in Mastercard in the 1st quarter valued at about $4,238,764,000. Wellington Management Group LLP lifted its position in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Mastercard by 3,493.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after buying an additional 908,116 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after buying an additional 907,184 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price target for the company. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Royal Bank Of Canada raised their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $638.00.

Mastercard Stock Up 0.4%

Mastercard stock opened at $573.59 on Friday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The firm has a market capitalization of $518.53 billion, a price-to-earnings ratio of 38.68, a P/E/G ratio of 2.34 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a 50 day simple moving average of $579.67 and a 200 day simple moving average of $564.74.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate 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 last year, the firm earned $3.50 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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 given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s payout ratio is 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.