Mastercard Incorporated (NYSE:MA) Holdings Trimmed by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 12.7% in the third quarter, Holdings Channel.com reports. The firm owned 604 shares of the credit services provider’s stock after selling 88 shares during the period. Kapstone Financial Advisors LLC’s holdings in Mastercard were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Highline Wealth Partners LLC purchased a new position in Mastercard during the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard in the second quarter worth approximately $34,000. First Personal Financial Services acquired a new stake in shares of Mastercard during the third quarter worth approximately $39,000. Fairway Wealth LLC purchased a new position in Mastercard during the second quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC increased its stake in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Mizuho boosted their target price on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Oppenheimer started coverage on Mastercard in a report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. Piper Sandler reiterated an “overweight” rating and issued a $565.00 target price (up from $536.00) on shares of Mastercard in a research note on Friday, November 1st. Finally, Barclays raised their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average price target of $545.56.

Mastercard Price Performance

Shares of NYSE:MA traded down $0.93 during trading on Thursday, reaching $520.95. The stock had a trading volume of 433,931 shares, compared to its average volume of 2,442,771. The stock has a market capitalization of $478.14 billion, a PE ratio of 39.45, a P/E/G ratio of 2.32 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a 52 week low of $394.76 and a 52 week high of $534.03. The business’s 50-day moving average price is $502.32 and its 200 day moving average price is $470.24.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.39 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

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.