Mastercard Incorporated $MA Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 13.2% in the second quarter, Holdings Channel reports. The fund owned 27,469 shares of the credit services provider’s stock after selling 4,164 shares during the period. Intech Investment Management LLC’s holdings in Mastercard were worth $15,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MA. ORG Partners LLC raised its holdings in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 295 shares during the last quarter. Ethos Financial Group LLC increased its position in shares of Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after buying an additional 518 shares in the last quarter. Curio Wealth LLC raised its stake in shares of Mastercard by 22,400.0% during 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 last quarter. Wheelhouse Advisory Group LLC boosted 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 in the last quarter. Finally, SeaBridge Investment Advisors LLC grew its stake in Mastercard by 4.3% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after acquiring an additional 264 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

NYSE MA opened at $545.31 on Friday. The business’s 50-day moving average price is $568.49 and its 200 day moving average price is $569.72. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a market capitalization of $489.68 billion, a PE ratio of 36.77, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

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

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MA. Royal Bank Of Canada lifted their target price on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. UBS Group upped their target price on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. TD Cowen reissued a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $713.00 price target on shares of Mastercard in a report on Thursday, October 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $652.50.

About Mastercard

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.