Mastercard Incorporated (NYSE:MA) Shares Sold by Realta Investment Advisors

Realta Investment Advisors lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 87.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 775 shares of the credit services provider’s stock after selling 5,343 shares during the quarter. Realta Investment Advisors’ holdings in Mastercard were worth $393,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MA. Vanguard Group Inc. raised its position in Mastercard by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock worth $36,399,279,000 after buying an additional 330,872 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of Mastercard by 0.3% during the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares during the last quarter. International Assets Investment Management LLC lifted its position in Mastercard by 120,665.3% during the third quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock valued at $3,971,020,000 after purchasing an additional 8,035,099 shares during the period. Ameriprise Financial Inc. boosted its holdings in Mastercard by 1.4% in the second quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after purchasing an additional 71,569 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Mastercard by 2.7% in the second quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after purchasing an additional 113,238 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade 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 accessible through this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. 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 quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Mizuho boosted their price target on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday. Macquarie raised their price objective on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research note on Friday. Susquehanna boosted their target price on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday. Finally, Citigroup raised their price target on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and a consensus target price of $537.92.

Mastercard Price Performance

Shares of NYSE:MA traded up $8.49 during midday trading on Friday, hitting $508.08. The company’s stock had a trading volume of 3,753,713 shares, compared to its average volume of 2,450,197. Mastercard Incorporated has a 12-month low of $378.48 and a 12-month high of $527.90. The company has a market cap of $469.38 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The business’s 50 day simple moving average is $495.77 and its 200 day simple moving average is $466.84.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same period in the prior year, the business earned $3.39 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. On average, analysts forecast that Mastercard Incorporated will post 14.33 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is presently 20.18%.

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.