Firethorn Wealth Partners LLC Sells 144 Shares of Mastercard Incorporated $MA

Firethorn Wealth Partners LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 11.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,148 shares of the credit services provider’s stock after selling 144 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Mastercard were worth $645,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard during the 1st quarter worth about $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $44,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,391 shares of company stock worth $20,836,514 over the last quarter. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Morgan Stanley lifted their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, TD Cowen reiterated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mastercard presently has an average rating of “Buy” and a consensus price target of $630.89.

Mastercard Price Performance

NYSE:MA opened at $581.08 on Friday. The firm has a market cap of $525.30 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. 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 company’s 50-day moving average price is $580.26 and its two-hundred day moving average price is $561.85.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.50 earnings per share. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

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.