Mastercard Incorporated (NYSE:MA) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 1.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,677 shares of the credit services provider’s stock after selling 36 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Mastercard were worth $1,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Westend Capital Management LLC acquired a new stake in Mastercard in the 1st quarter valued at about $27,000. VitalStone Financial LLC increased its stake in shares of Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares in the last quarter. Altshuler Shaham Ltd purchased a new stake in Mastercard in the 4th quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard during the 4th quarter valued at $27,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Mastercard in the fourth quarter worth $28,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 1.6 %

NYSE MA opened at $444.65 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $490.00. The business has a 50 day moving average price of $451.12 and a two-hundred day moving average price of $453.44. The stock has a market cap of $413.35 billion, a PE ratio of 35.35, a P/E/G ratio of 1.72 and a beta of 1.09.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the firm earned $2.80 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s payout ratio is 20.99%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MA. TD Cowen initiated coverage on shares of Mastercard in a research note on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price for the company. Robert W. Baird raised their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Evercore ISI cut their price target on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price objective on Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $496.91.

Insider Buying and Selling

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the completion of the transaction, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Sandra A. Arkell sold 300 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the completion of the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is currently owned by corporate insiders.

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.