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

Pitti Group Wealth Management LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 32.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 497 shares of the credit services provider’s stock after selling 234 shares during the period. Pitti Group Wealth Management LLC’s holdings in Mastercard were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Activest Wealth Management raised its stake in Mastercard by 87.4% in the fourth quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares in the last quarter. Cross Staff Investments Inc grew its holdings in shares of Mastercard by 16.3% during the fourth quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock worth $1,343,000 after purchasing an additional 441 shares during the last quarter. Everett Harris & Co. CA grew its holdings in shares of Mastercard by 0.5% during the fourth quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock worth $21,129,000 after purchasing an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of Mastercard by 23.9% during the fourth quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock worth $5,171,000 after purchasing an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its holdings in shares of Mastercard by 7.2% during the fourth quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock worth $209,000 after purchasing an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 0.1 %

Shares of Mastercard stock traded up $0.31 during trading hours on Friday, reaching $462.42. 1,963,273 shares of the company’s stock were exchanged, compared to its average volume of 2,212,406. The firm has a market capitalization of $431.39 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The company has a fifty day moving average of $471.35 and a 200-day moving average of $436.35. Mastercard Incorporated has a 52-week low of $357.85 and a 52-week high of $490.00.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $3.08 by $0.10. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The business had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.46 billion. During the same period in the prior year, the firm posted $2.65 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. Mastercard’s payout ratio is currently 22.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. William Blair reissued an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Robert W. Baird raised their price target on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. KeyCorp raised their price target on Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. The Goldman Sachs Group lifted their price objective on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, TD Cowen initiated coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.23.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $460.06, for a total value of $6,230,132.52. Following the transaction, the insider now owns 46,491 shares of the company’s stock, valued at $21,388,649.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 366,630 shares of company stock valued at $168,746,490 in the last ninety days. Insiders own 0.13% of the company’s stock.

Mastercard 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.