Mastercard Incorporated $MA Stake Trimmed by Dempze Nancy E

Dempze Nancy E cut its holdings in Mastercard Incorporated (NYSE:MA) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,766 shares of the credit services provider’s stock after selling 325 shares during the period. Mastercard makes up 3.5% of Dempze Nancy E’s investment portfolio, making the stock its 5th biggest holding. Dempze Nancy E’s holdings in Mastercard were worth $6,050,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC bought a new stake in Mastercard in the second quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the first quarter worth $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the first quarter worth $31,000. Hughes Financial Services LLC bought a new stake in Mastercard in the first quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard during the 1st quarter worth $44,000. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday. Royal Bank Of Canada boosted their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday. Two equities research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $634.04.

Mastercard Trading Down 0.6%

Shares of MA opened at $576.40 on Thursday. 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 firm has a market capitalization of $521.07 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 2.38 and a beta of 0.97. The stock’s 50-day moving average price is $581.11 and its 200 day moving average price is $562.55.

Mastercard (NYSE:MA) last issued its quarterly 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the company posted $3.50 earnings per share. The company’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Mastercard 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.