Willner & Heller LLC Sells 80 Shares of Mastercard Incorporated $MA

Willner & Heller LLC reduced its holdings in Mastercard Incorporated (NYSE:MA) by 9.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 747 shares of the credit services provider’s stock after selling 80 shares during the period. Willner & Heller LLC’s holdings in Mastercard were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new position in Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the 1st quarter worth approximately $31,000. Hughes Financial Services LLC bought a new position in Mastercard in the 1st quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC bought a new position in Mastercard in the 1st quarter worth approximately $44,000. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on MA shares. KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen reissued a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Finally, Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and an average price target of $630.89.

Mastercard Trading Up 0.6%

Shares of MA opened at $581.08 on Friday. The stock has a fifty day moving average price of $580.26 and a two-hundred day moving average price of $561.67. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The company has a market cap of $525.30 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.37 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings data 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the previous year, the company posted $3.50 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock valued at $20,836,514 in the last quarter. 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.