Mastercard Incorporated $MA Shares Sold by Oregon Pacific Wealth Management LLC

Oregon Pacific Wealth Management LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 15.3% during the second quarter, Holdings Channel reports. The firm owned 1,071 shares of the credit services provider’s stock after selling 194 shares during the quarter. Oregon Pacific Wealth Management LLC’s holdings in Mastercard were worth $602,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Revisor Wealth Management LLC increased its position in shares of Mastercard by 53.7% during the second quarter. Revisor Wealth Management LLC now owns 1,171 shares of the credit services provider’s stock worth $661,000 after purchasing an additional 409 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of Mastercard by 76.9% during the second quarter. Fortitude Family Office LLC now owns 1,028 shares of the credit services provider’s stock worth $578,000 after purchasing an additional 447 shares in the last quarter. CGN Advisors LLC increased its position in Mastercard by 2.7% in the 2nd quarter. CGN Advisors LLC now owns 8,043 shares of the credit services provider’s stock valued at $4,520,000 after acquiring an additional 210 shares during the period. Martin Capital Advisors LLP increased its position in Mastercard by 0.8% in the 2nd quarter. Martin Capital Advisors LLP now owns 9,810 shares of the credit services provider’s stock valued at $5,513,000 after acquiring an additional 81 shares during the period. Finally, Bfsg LLC lifted its position in Mastercard by 0.6% during the 2nd quarter. Bfsg LLC now owns 11,038 shares of the credit services provider’s stock worth $6,203,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Truist Financial dropped their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company boosted their target price on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Morgan Stanley boosted their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $630.89.

Mastercard Price Performance

Shares of NYSE:MA opened at $584.64 on Tuesday. The business’s 50 day simple moving average is $577.86 and its 200-day simple moving average is $559.42. The firm has a market capitalization of $528.52 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders 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 dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Insider Transactions at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the business’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider owned 23,624 shares of the company’s stock, valued at $13,229,440. The trade was a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,449 shares of company stock worth $21,974,441 over the last quarter. Insiders own 0.09% of the company’s stock.

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.