Symphony Financial Ltd. Co. lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 68.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,980 shares of the credit services provider’s stock after selling 6,442 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Mastercard were worth $1,057,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in MA. Jeppson Wealth Management LLC purchased a new stake in Mastercard in the third quarter worth $25,000. JFS Wealth Advisors LLC purchased a new stake in Mastercard in the fourth quarter worth $25,000. TD Ameritrade Investment Management LLC purchased a new stake in Mastercard in the fourth quarter worth $28,000. ForthRight Wealth Management LLC purchased a new stake in Mastercard in the fourth quarter worth $31,000. Finally, Sittner & Nelson LLC purchased a new stake in Mastercard in the fourth quarter worth $31,000. 73.64% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on MA shares. Morgan Stanley increased their price objective on Mastercard from $377.00 to $412.00 and gave the stock an “overweight” rating in a report on Monday, March 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on Mastercard from $383.00 to $420.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Truist Securities increased their price objective on Mastercard from $415.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, March 9th. Bank of America upgraded Mastercard from a “neutral” rating to a “buy” rating and set a $400.00 price objective for the company in a report on Wednesday, January 6th. Finally, Sanford C. Bernstein started coverage on Mastercard in a report on Wednesday, January 27th. They issued an “outperform” rating and a $380.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and a consensus target price of $368.37.
NYSE:MA traded down $0.32 on Friday, hitting $386.17. The stock had a trading volume of 2,725,485 shares, compared to its average volume of 4,326,716. The stock has a market cap of $383.61 billion, a price-to-earnings ratio of 57.90, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.15. The business’s 50-day simple moving average is $367.72 and its two-hundred day simple moving average is $342.69. Mastercard Incorporated has a 52-week low of $244.10 and a 52-week high of $389.50.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, January 28th. The credit services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.13. Mastercard had a return on equity of 114.80% and a net margin of 43.13%. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.01 billion. During the same period last year, the firm posted $2.07 earnings per share. The business’s revenue for the quarter was down 6.7% on a year-over-year basis. As a group, equities research analysts anticipate that Mastercard Incorporated will post 6.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 7th. Stockholders of record on Friday, April 9th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, April 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.46%. Mastercard’s payout ratio is currently 22.65%.
In other Mastercard news, insider Kevin Stanton sold 29,052 shares of Mastercard stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $378.09, for a total value of $10,984,270.68. Following the sale, the insider now owns 31,092 shares of the company’s stock, valued at approximately $11,755,574.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 57,198 shares of Mastercard stock in a transaction that occurred on Thursday, January 21st. The stock was sold at an average price of $334.17, for a total value of $19,113,855.66. Following the completion of the sale, the insider now directly owns 109,068,605 shares in the company, valued at approximately $36,447,455,732.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 784,272 shares of company stock worth $260,633,643. Insiders own 3.79% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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