Transcend Capital Advisors LLC Reduces Stock Position in Mastercard Incorporated $MA

Transcend Capital Advisors LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,801 shares of the credit services provider’s stock after selling 389 shares during the period. Transcend Capital Advisors LLC’s holdings in Mastercard were worth $3,821,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MA. Brighton Jones LLC lifted its holdings in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the period. Golden State Wealth Management LLC lifted its holdings in Mastercard by 2.5% in the first quarter. Golden State Wealth Management LLC now owns 1,157 shares of the credit services provider’s stock worth $635,000 after buying an additional 28 shares during the period. CFM Wealth Partners LLC lifted its holdings in Mastercard by 4.8% in the first quarter. CFM Wealth Partners LLC now owns 15,391 shares of the credit services provider’s stock worth $8,436,000 after buying an additional 701 shares during the period. K.J. Harrison & Partners Inc lifted its holdings in Mastercard by 0.7% in the first quarter. K.J. Harrison & Partners Inc now owns 10,426 shares of the credit services provider’s stock worth $5,715,000 after buying an additional 68 shares during the period. Finally, TBH Global Asset Management LLC lifted its holdings in Mastercard by 8.6% in the first quarter. TBH Global Asset Management LLC now owns 20,246 shares of the credit services provider’s stock worth $11,097,000 after buying an additional 1,595 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. 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 report on Friday, August 1st. Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. TD Cowen reiterated a “buy” rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. Finally, Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard has a consensus rating of “Buy” and an average price target of $638.96.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were 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 approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.0%

NYSE:MA opened at $573.72 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market cap of $518.65 billion, a PE ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The company has a 50 day simple moving average of $579.51 and a two-hundred day simple moving average of $566.36.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 EPS. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

About Mastercard

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.