Mastercard Incorporated $MA Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 208,005 shares of the credit services provider’s stock after selling 6,085 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Mastercard were worth $114,709,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Fundsmith LLP purchased a new position in Mastercard in the 2nd quarter valued at approximately $639,458,000. Corient Private Wealth LP grew its stake in Mastercard by 147.2% during the 2nd quarter. Corient Private Wealth LP now owns 1,682,183 shares of the credit services provider’s stock worth $863,969,000 after purchasing an additional 1,001,671 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Mastercard by 295.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 860,011 shares of the credit services provider’s stock worth $441,702,000 after purchasing an additional 642,724 shares in the last quarter. SEB Asset Management AB purchased a new stake in Mastercard during the 1st quarter worth about $293,574,000. Finally, Soroban Capital Partners LP raised its position in Mastercard by 30.5% in the 1st quarter. Soroban Capital Partners LP now owns 2,464,499 shares of the credit services provider’s stock valued at $1,231,412,000 after purchasing an additional 575,412 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Trending Headlines about Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Performance

Shares of Mastercard stock opened at $653.45 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 3.29. Mastercard Incorporated has a 52 week low of $464.52 and a 52 week high of $681.99. The firm’s 50 day moving average is $593.15 and its two-hundred day moving average is $539.12. The firm has a market capitalization of $572.43 billion, a P/E ratio of 34.18, a P/E/G ratio of 1.86 and a beta of 0.78.

Mastercard (NYSE:MA – Get Free Report) last issued its earnings results on Thursday, October 29th. The credit services provider reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.17 by $0.14. Mastercard had a net margin of 46.73% and a return on equity of 260.86%. The business had revenue of $9.81 billion during the quarter, compared to analysts’ expectations of $9.66 billion. During the same quarter in the prior year, the business posted $4.38 EPS. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 20.00 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Friday, October 9th. This represents a $3.48 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 18.20%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MA shares. Freedom Broker cut Mastercard from a “buy” rating to a “hold” rating and lifted their price objective for the company from $620.00 to $725.00 in a research note on Thursday. Cantor Fitzgerald lifted their price target on shares of Mastercard from $695.00 to $765.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Morgan Stanley boosted their price target on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Mizuho set a $711.00 price objective on shares of Mastercard in a report on Friday, October 30th. Finally, President Capital boosted their target price on shares of Mastercard from $693.00 to $729.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $704.62.

Check Out Our Latest Stock Analysis on Mastercard

Insiders Place Their Bets

In other news, Director Julius Genachowski sold 371 shares of Mastercard stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $585.01, for a total transaction of $217,038.71. Following the sale, the director owned 8,607 shares in the company, valued at approximately $5,035,181.07. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sachin Mehra sold 7,444 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $577.13, for a total value of $4,296,155.72. Following the completion of the sale, the insider directly owned 40,916 shares of the company’s stock, valued at approximately $23,613,851.08. This trade represents a 15.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 25,403 shares of company stock valued at $15,428,736. 0.09% of the stock is currently owned by insiders.

Mastercard Profile

(Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, merchants, financial institutions, businesses and governments. Its network supports electronic payments, including transactions made with Mastercard-branded credit, debit and prepaid cards, as well as digital payment methods.

The company provides technology for authorizing, clearing and settling transactions. It also offers services related to cybersecurity, identity verification, data analytics, fraud prevention and payment consulting.

Recommended Stories

Want to see what other hedge funds are holding MA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercard Incorporated (NYSE:MA – Free Report).

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.