Mastercard Incorporated $MA Shares Sold by Curat Global LLC

Curat Global LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 33.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 200 shares of the credit services provider’s stock after selling 100 shares during the quarter. Curat Global LLC’s holdings in Mastercard were worth $112,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Cryder Capital Partners LLP increased its stake in Mastercard by 17.2% in the 2nd quarter. Cryder Capital Partners LLP now owns 193,940 shares of the credit services provider’s stock valued at $108,983,000 after buying an additional 28,509 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in shares of Mastercard by 7.4% during the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 9,654 shares of the credit services provider’s stock worth $5,425,000 after purchasing an additional 668 shares during the period. Solstein Capital LLC grew its stake in shares of Mastercard by 12.7% during the 2nd quarter. Solstein Capital LLC now owns 2,096 shares of the credit services provider’s stock worth $1,178,000 after purchasing an additional 237 shares during the period. Riverwater Partners LLC grew its stake in shares of Mastercard by 8.0% during the 2nd quarter. Riverwater Partners LLC now owns 1,088 shares of the credit services provider’s stock worth $611,000 after purchasing an additional 81 shares during the period. Finally, Bolthouse Investments LLC acquired a new position in shares of Mastercard during the 2nd quarter worth $201,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Truist Financial set a $638.00 price target on shares of Mastercard in a research note on Friday. KeyCorp reaffirmed an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research note on Wednesday, October 22nd. Robert W. Baird upped their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Finally, Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, October 22nd. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $638.96.

Mastercard Price Performance

Mastercard stock opened at $573.72 on Monday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm’s 50-day simple moving average is $579.51 and its 200 day simple moving average is $566.36. The firm has a market capitalization of $518.65 billion, a PE ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last released 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 net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the firm earned $3.50 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders 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 dividend payout ratio is 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

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.