CMH Wealth Management LLC Has $7 Million Holdings in Mastercard Incorporated $MA

CMH Wealth Management LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 18.6% during the second quarter, HoldingsChannel reports. The fund owned 12,453 shares of the credit services provider’s stock after selling 2,844 shares during the quarter. CMH Wealth Management LLC’s holdings in Mastercard were worth $6,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter worth about $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the 1st quarter worth about $31,000. Hughes Financial Services LLC purchased a new stake in Mastercard in the 1st quarter valued at about $34,000. Finally, Sunbeam Capital Management LLC purchased a new stake in Mastercard in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In related news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,717 shares of company stock worth $22,684,831. Insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.4%

Shares of MA opened at $583.88 on Friday. The firm’s 50-day moving average price is $577.23 and its 200-day moving average price is $559.09. The firm has a market capitalization of $527.83 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 2.40 and a beta of 0.99. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.50 EPS. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial decreased their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $630.89.

Mastercard Company 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.