Mastercard Incorporated $MA Shares Sold by IFG Advisory LLC

IFG Advisory LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 11.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,758 shares of the credit services provider’s stock after selling 637 shares during the quarter. IFG Advisory LLC’s holdings in Mastercard were worth $2,673,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC increased its stake in Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after purchasing an additional 295 shares during the last quarter. Ethos Financial Group LLC raised its position in shares of Mastercard by 19.5% in the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after buying an additional 518 shares during the period. Curio Wealth LLC raised its position in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after buying an additional 224 shares during the period. Wheelhouse Advisory Group LLC raised its position in shares of Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after buying an additional 56 shares during the period. Finally, SeaBridge Investment Advisors LLC raised its position in shares of Mastercard by 4.3% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after buying an additional 264 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale 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.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Morgan Stanley set a $665.00 target price on Mastercard and gave the stock an “overweight” rating in a research report on Friday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $713.00 target price on shares of Mastercard in a research report on Thursday. Royal Bank Of Canada increased their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $647.89.

Mastercard Trading Down 0.2%

NYSE:MA opened at $552.59 on Friday. The business’s 50-day moving average is $576.43 and its two-hundred day moving average is $567.71. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a market capitalization of $499.54 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.27 and a beta of 0.97.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company posted $3.89 earnings per share. Research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is presently 19.44%.

Mastercard Company 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.