Mastercard Incorporated $MA Holdings Cut by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,317 shares of the credit services provider’s stock after selling 397 shares during the quarter. Mastercard makes up approximately 2.6% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 10th biggest holding. Strengthening Families & Communities LLC’s holdings in Mastercard were worth $4,669,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the first quarter worth $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the first quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard during the first quarter worth $44,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the subject of several research reports. TD Cowen reiterated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Wolfe Research set a $655.00 price objective on shares of Mastercard in a research note on Monday, June 23rd. Morgan Stanley lifted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $634.04.

Mastercard Stock Down 1.4%

MA opened at $556.80 on Friday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average of $581.01 and a two-hundred day moving average of $562.77. The stock has a market capitalization of $503.35 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.31 and a beta of 0.97.

Mastercard (NYSE:MA) last released its quarterly earnings data 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 company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.

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.