MV Capital Management Inc. Has $3.80 Million Stake in Mastercard Incorporated $MA

MV Capital Management Inc. lowered its stake in Mastercard Incorporated (NYSE:MA) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,763 shares of the credit services provider’s stock after selling 187 shares during the period. MV Capital Management Inc.’s holdings in Mastercard were worth $3,800,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. LGT Financial Advisors LLC bought a new position in shares of Mastercard in the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the 1st quarter worth $31,000. Finally, IMG Wealth Management Inc. bought a new position in Mastercard in the 2nd quarter worth $31,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. UBS Group increased their target price on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Morgan Stanley set a $665.00 target price on Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Tigress Financial lifted their price target on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $649.26.

Mastercard Stock Performance

NYSE MA opened at $561.28 on Thursday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve 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 stock has a market cap of $504.03 billion, a P/E ratio of 37.85, a PEG ratio of 2.27 and a beta of 0.92. The company’s 50-day simple moving average is $570.06 and its 200 day simple moving average is $569.74.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

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 shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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.