Mastercard Incorporated $MA Shares Sold by Warther Private Wealth LLC

Warther Private Wealth LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 19.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 961 shares of the credit services provider’s stock after selling 233 shares during the quarter. Warther Private Wealth LLC’s holdings in Mastercard were worth $540,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the period. GAMMA Investing LLC lifted its holdings in Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after acquiring an additional 2,493 shares during the period. Consolidated Portfolio Review Corp lifted its holdings in Mastercard by 10.6% in the first quarter. Consolidated Portfolio Review Corp now owns 1,611 shares of the credit services provider’s stock valued at $883,000 after acquiring an additional 154 shares during the period. Archford Capital Strategies LLC lifted its holdings in Mastercard by 15.9% in the first quarter. Archford Capital Strategies LLC now owns 8,311 shares of the credit services provider’s stock valued at $4,555,000 after acquiring an additional 1,142 shares during the period. Finally, Field & Main Bank lifted its holdings in Mastercard by 1.0% in the first quarter. Field & Main Bank now owns 2,242 shares of the credit services provider’s stock valued at $1,229,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Truist Financial cut their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Finally, Robert W. Baird boosted their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $638.00.

Mastercard Stock Down 0.3%

Shares of NYSE:MA opened at $570.57 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business has a fifty day moving average of $579.88 and a two-hundred day moving average of $564.14. The stock has a market cap of $515.80 billion, a P/E ratio of 38.47, a PEG ratio of 2.34 and a beta of 0.97. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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 prior year, the business earned $3.50 EPS. 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. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.