Rossby Financial LCC Cuts Stock Position in Mastercard Incorporated $MA

Rossby Financial LCC cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,880 shares of the credit services provider’s stock after selling 74 shares during the period. Rossby Financial LCC’s holdings in Mastercard were worth $1,056,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Accredited Investors Inc. increased its stake in Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 18 shares during the period. Wealthstream Advisors Inc. increased its stake in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after purchasing an additional 18 shares during the period. Pinion Investment Advisors LLC increased its stake in Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares during the period. KRS Capital Management LLC increased its stake in Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock worth $1,601,000 after purchasing an additional 18 shares during the period. Finally, Nvest Financial LLC increased its stake in Mastercard by 1.2% during the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after purchasing an additional 18 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Truist Financial set a $638.00 target price on shares of Mastercard in a research note on Friday. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $638.96.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of MA opened at $571.51 on Tuesday. The stock has a 50 day moving average price of $579.25 and a 200 day moving average price of $566.75. 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 company has a market capitalization of $516.65 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

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

Mastercard Dividend Announcement

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