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

Chesapeake Wealth Management trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the 2nd quarter, Holdings Channel reports. The fund owned 2,761 shares of the credit services provider’s stock after selling 79 shares during the quarter. Chesapeake Wealth Management’s holdings in Mastercard were worth $1,218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MA. Swedbank AB acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $660,652,000. PineStone Asset Management Inc. boosted its holdings in Mastercard by 145.6% during the second quarter. PineStone Asset Management Inc. now owns 1,777,468 shares of the credit services provider’s stock worth $784,148,000 after buying an additional 1,053,616 shares in the last quarter. Vanguard Group Inc. grew its position in Mastercard by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 75,253,734 shares of the credit services provider’s stock valued at $32,096,470,000 after buying an additional 742,076 shares during the period. Capital International Investors increased its holdings in Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock valued at $8,974,478,000 after buying an additional 676,452 shares in the last quarter. Finally, Capital Research Global Investors raised its position in shares of Mastercard by 4.7% in the fourth quarter. Capital Research Global Investors now owns 13,608,023 shares of the credit services provider’s stock worth $5,803,956,000 after acquiring an additional 605,909 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

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. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. The disclosure for this sale can be found here. Insiders have sold 605,124 shares of company stock worth $280,045,189 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MA shares. BMO Capital Markets restated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Bank of America upped their target price on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday. TD Cowen lifted their price target 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. Finally, Citigroup upped their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $512.08.

Mastercard Trading Down 0.1 %

Shares of MA opened at $492.63 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a 50-day moving average price of $466.24 and a 200 day moving average price of $461.15. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $501.80. The firm has a market capitalization of $457.96 billion, a P/E ratio of 39.16, a P/E/G ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. The business 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%. Sell-side analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

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.