Clal Insurance Enterprises Holdings Ltd Sells 17,894 Shares of Mastercard Incorporated $MA

Clal Insurance Enterprises Holdings Ltd lessened its position in Mastercard Incorporated (NYSE:MA) by 11.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,019 shares of the credit services provider’s stock after selling 17,894 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Mastercard were worth $76,996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new position in Mastercard during the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Mastercard during the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard during the 2nd quarter valued at $31,000. 97.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Down 1.7%

MA stock opened at $527.63 on Wednesday. The stock has a market capitalization of $473.81 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a 50-day moving average price of $566.34 and a 200-day moving average price of $569.80. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

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

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Investors 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 0.6%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Tigress Financial increased their price target on shares of Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a report on Thursday, November 6th. Robert W. Baird increased their price objective on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. KeyCorp reaffirmed an “overweight” rating and set a $665.00 price target on shares of Mastercard in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada increased their price target on shares of Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $652.50.

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.