Mastercard Incorporated $MA Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in Mastercard Incorporated (NYSE:MA) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,443 shares of the credit services provider’s stock after selling 650 shares during the period. Truist Financial Corp’s holdings in Mastercard were worth $151,973,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC purchased a new position in Mastercard in the first quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in Mastercard in the first quarter valued at $44,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MA. Royal Bank Of Canada upped their price objective on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. UBS Group upped their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Truist Financial cut their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Wolfe Research set a $655.00 target price on shares of Mastercard in a report on Monday, June 23rd. Finally, Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $630.89.

Insider Buying and Selling

In other Mastercard 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 value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,391 shares of company stock worth $20,836,514. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Up 0.2%

Shares of Mastercard stock opened at $569.29 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $514.64 billion, a P/E ratio of 38.39, a PEG ratio of 2.33 and a beta of 0.99. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company’s fifty day moving average is $579.48 and its two-hundred day moving average is $560.91.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the prior year, the company earned $3.50 earnings per share. The business’s revenue was up 16.8% compared to the same quarter last year. Analysts forecast 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. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) 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.