Mastercard Incorporated $MA Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 7.4% in the second quarter, Holdings Channel.com reports. The firm owned 1,455 shares of the credit services provider’s stock after selling 116 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Mastercard were worth $818,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MA. Brighton Jones LLC boosted its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. Stephens Inc. AR grew its position in Mastercard by 0.7% in the first quarter. Stephens Inc. AR now owns 90,543 shares of the credit services provider’s stock worth $49,628,000 after acquiring an additional 656 shares during the period. TruNorth Capital Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $104,000. Rainey & Randall Wealth Advisors Inc. purchased a new position in Mastercard during the first quarter worth about $315,000. Finally, Hughes Financial Services LLC purchased a new stake in Mastercard in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Macquarie boosted their price target on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. KeyCorp reissued an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $649.26.

Insider Activity 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $551.98 on Monday. The business has a 50-day moving average of $572.24 and a two-hundred day moving average of $569.51. The firm has a market capitalization of $499.00 billion, a PE ratio of 37.22, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.89 EPS. As a group, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

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.