B & T Capital Management DBA Alpha Capital Management Sells 104 Shares of Mastercard Incorporated (NYSE:MA)

B & T Capital Management DBA Alpha Capital Management reduced its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,332 shares of the credit services provider’s stock after selling 104 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Mastercard were worth $3,127,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brevan Howard Capital Management LP lifted its stake in shares of Mastercard by 213.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after acquiring an additional 5,756 shares during the last quarter. Banque Cantonale Vaudoise increased its holdings in Mastercard by 6.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock worth $19,865,000 after purchasing an additional 2,676 shares during the period. First Trust Direct Indexing L.P. increased its holdings in Mastercard by 14.2% during the 1st quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock worth $9,897,000 after purchasing an additional 2,556 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in Mastercard during the 1st quarter worth $608,000. Finally, SteelPeak Wealth LLC increased its holdings in Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after purchasing an additional 1,612 shares during the period. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the topic of several research reports. Oppenheimer initiated coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. KeyCorp lifted their price target on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada lifted their price target on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $518.96.

Insider Activity

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’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 completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’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 completion of the transaction, the chief financial officer now owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock valued at $159,610,703 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Mastercard Stock Performance

MA traded down $1.24 on Thursday, reaching $498.71. 499,510 shares of the stock were exchanged, compared to its average volume of 2,437,503. The company’s 50-day moving average price is $479.26 and its 200 day moving average price is $462.66. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $501.80. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $463.61 billion, a PE ratio of 39.57, a PEG ratio of 1.96 and a beta of 1.10.

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

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. Mastercard’s dividend payout ratio is currently 20.99%.

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.