Mastercard Incorporated $MA Position Decreased by Wendell David Associates Inc.

Wendell David Associates Inc. lowered its holdings in Mastercard Incorporated (NYSE:MA) by 2.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,012 shares of the credit services provider’s stock after selling 2,725 shares during the period. Mastercard makes up 6.5% of Wendell David Associates Inc.’s investment portfolio, making the stock its 2nd largest position. Wendell David Associates Inc.’s holdings in Mastercard were worth $64,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $31,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $34,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of a number of research reports. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. KeyCorp raised 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. Morgan Stanley raised their price target on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Two 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 stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $634.04.

Mastercard Price Performance

Shares of MA stock opened at $561.42 on Friday. The firm has a market cap of $507.53 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The business’s 50 day moving average price is $580.22 and its 200-day moving average price is $563.27. 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 (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping 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 return on equity of 200.01% and a net margin of 44.93%.The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $3.50 EPS. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a $0.76 dividend. 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 (DPR) is currently 20.50%.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

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.