Dupont Capital Management Corp Decreases Stock Holdings in Mastercard Incorporated $MA

Dupont Capital Management Corp lowered its stake in Mastercard Incorporated (NYSE:MA) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 45,716 shares of the credit services provider’s stock after selling 3,329 shares during the period. Mastercard makes up approximately 2.8% of Dupont Capital Management Corp’s investment portfolio, making the stock its 8th biggest position. Dupont Capital Management Corp’s holdings in Mastercard were worth $25,690,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Greenup Street Wealth Management LLC bought a new position in shares of Mastercard in the second quarter worth $217,000. Jackson Thornton Wealth Management LLC increased its position in shares of Mastercard by 6.4% in the second quarter. Jackson Thornton Wealth Management LLC now owns 664 shares of the credit services provider’s stock worth $373,000 after purchasing an additional 40 shares during the period. Whittier Trust Co. of Nevada Inc. increased its position in shares of Mastercard by 0.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,390 shares of the credit services provider’s stock worth $2,467,000 after purchasing an additional 22 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of Mastercard in the second quarter worth $38,000. Finally, LGT Financial Advisors LLC bought a new position in shares of Mastercard in the second quarter worth $25,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on MA shares. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Finally, Robert W. Baird lifted their target price on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $634.04.

Mastercard Price Performance

Mastercard stock opened at $566.35 on Tuesday. The stock’s 50 day moving average is $580.07 and its 200 day moving average is $564.03. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market cap of $511.99 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The company 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 firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.50 earnings per share. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business 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 $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is currently 20.50%.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

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.