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

Bulltick Wealth Management LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 27.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,892 shares of the credit services provider’s stock after selling 1,470 shares during the quarter. Bulltick Wealth Management LLC’s holdings in Mastercard were worth $1,717,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. VitalStone Financial LLC lifted its stake in shares of Mastercard by 300.0% during the fourth 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. Westend Capital Management LLC purchased a new stake in shares of Mastercard during the 1st quarter valued at about $27,000. Palisade Asset Management LLC acquired a new position in Mastercard during the 1st quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new position in Mastercard in the 4th quarter worth approximately $28,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in Mastercard in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. TD Cowen boosted their target price on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Evercore ISI decreased their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. Piper Sandler lifted their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Finally, JPMorgan Chase & Co. upped their target price on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $512.08.

Mastercard Price Performance

Shares of NYSE:MA opened at $492.63 on Friday. The firm’s 50 day moving average is $466.24 and its two-hundred day moving average is $461.15. The firm has a market capitalization of $457.96 billion, a P/E ratio of 39.16, a PEG ratio of 1.92 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.80.

Mastercard (NYSE:MA) last posted its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s 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 completion of the sale, the insider now directly owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s 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 sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. 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.

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.