Transform Wealth LLC Has $1.66 Million Stock Position in Mastercard Incorporated (NYSE:MA)

Transform Wealth LLC decreased its position in Mastercard Incorporated (NYSE:MAGet Rating) by 12.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,258 shares of the credit services provider’s stock after selling 718 shares during the period. Transform Wealth LLC’s holdings in Mastercard were worth $1,659,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. HB Wealth Management LLC raised its stake in shares of Mastercard by 28.9% during the 2nd quarter. HB Wealth Management LLC now owns 11,868 shares of the credit services provider’s stock worth $3,744,000 after purchasing an additional 2,659 shares in the last quarter. Gilman Hill Asset Management LLC acquired a new position in Mastercard in the 2nd quarter valued at $253,000. Ritholtz Wealth Management grew its holdings in Mastercard by 16.6% in the 2nd quarter. Ritholtz Wealth Management now owns 6,529 shares of the credit services provider’s stock valued at $2,060,000 after buying an additional 928 shares in the last quarter. Acropolis Investment Management LLC grew its holdings in Mastercard by 222.8% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,640 shares of the credit services provider’s stock valued at $517,000 after buying an additional 1,132 shares in the last quarter. Finally, Five Oceans Advisors grew its holdings in Mastercard by 5.0% in the 2nd quarter. Five Oceans Advisors now owns 1,809 shares of the credit services provider’s stock valued at $571,000 after buying an additional 86 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 5,000 shares of Mastercard stock in a transaction on Monday, August 15th. The stock was sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the sale, the chief financial officer now directly owns 15,723 shares in the company, valued at $5,660,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.29% of the stock is currently owned by corporate insiders.

Mastercard Stock Down 1.9 %

Mastercard stock traded down $5.53 during mid-day trading on Friday, reaching $292.83. The stock had a trading volume of 112,603 shares, compared to its average volume of 2,266,435. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.26 and a current ratio of 1.26. Mastercard Incorporated has a fifty-two week low of $296.59 and a fifty-two week high of $399.92. The stock’s 50-day simple moving average is $338.13 and its 200-day simple moving average is $340.44. The firm has a market capitalization of $282.99 billion, a PE ratio of 29.69, a price-to-earnings-growth ratio of 1.41 and a beta of 1.06.

Mastercard (NYSE:MAGet Rating) last announced its earnings results on Thursday, July 28th. The credit services provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.20. The company had revenue of $5.50 billion for the quarter, compared to analysts’ expectations of $5.26 billion. Mastercard had a return on equity of 143.35% and a net margin of 46.49%. Mastercard’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 earnings per share. On average, sell-side analysts forecast that Mastercard Incorporated will post 10.63 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Friday, October 7th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, October 6th. This represents a $1.96 dividend on an annualized basis and a yield of 0.67%. Mastercard’s dividend payout ratio (DPR) is currently 19.86%.

Wall Street Analysts Forecast Growth

MA has been the topic of several analyst reports. Daiwa Capital Markets lowered Mastercard from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $385.00 to $375.00 in a report on Tuesday, August 16th. Susquehanna Bancshares dropped their price objective on Mastercard from $430.00 to $400.00 and set a “positive” rating for the company in a research report on Friday, July 29th. Macquarie dropped their price objective on Mastercard from $440.00 to $410.00 in a research report on Friday, July 29th. JPMorgan Chase & Co. dropped their price objective on Mastercard from $430.00 to $425.00 in a research report on Wednesday, July 20th. Finally, Truist Financial dropped their price objective on Mastercard from $450.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $414.09.

About Mastercard

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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 other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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