Capital Market Strategies LLC Sells 27 Shares of Mastercard Incorporated (NYSE:MA)

Capital Market Strategies LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 968 shares of the credit services provider’s stock after selling 27 shares during the period. Capital Market Strategies LLC’s holdings in Mastercard were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MA. Unique Wealth LLC lifted its holdings in shares of Mastercard by 18.6% during the 3rd quarter. Unique Wealth LLC now owns 3,406 shares of the credit services provider’s stock worth $1,682,000 after acquiring an additional 533 shares during the period. Czech National Bank lifted its holdings in shares of Mastercard by 7.4% during the 3rd quarter. Czech National Bank now owns 167,963 shares of the credit services provider’s stock worth $82,940,000 after acquiring an additional 11,513 shares during the period. Lowe Wealth Advisors LLC lifted its holdings in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. Boltwood Capital Management lifted its holdings in shares of Mastercard by 3.1% during the 3rd quarter. Boltwood Capital Management now owns 2,035 shares of the credit services provider’s stock worth $1,005,000 after acquiring an additional 61 shares during the period. Finally, Trust Co of the South bought a new stake in shares of Mastercard during the 3rd quarter worth approximately $448,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.1 %

MA opened at $494.94 on Friday. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a fifty day moving average of $475.36 and a 200-day moving average of $462.47. The stock has a market cap of $460.10 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. On average, sell-side analysts predict that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on MA. Susquehanna increased their price objective on shares of Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research note on Thursday, August 1st. TD Cowen increased their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research note on Tuesday, September 3rd. Finally, Oppenheimer began coverage on shares of Mastercard in a research note on Tuesday. They issued an “outperform” rating and a $591.00 price objective for the company. Five analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $517.22.

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.