Delta Investment Management LLC Cuts Stake in Mastercard Incorporated $MA

Delta Investment Management LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 74.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 668 shares of the credit services provider’s stock after selling 1,961 shares during the quarter. Delta Investment Management LLC’s holdings in Mastercard were worth $366,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MA. Accredited Investors Inc. raised its stake in Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after acquiring an additional 18 shares during the period. Wealthstream Advisors Inc. raised its stake in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after acquiring an additional 18 shares during the period. Phillips Wealth Planners LLC raised its stake in Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock valued at $538,000 after acquiring an additional 19 shares during the period. Alta Wealth Advisors LLC raised its stake in Mastercard by 3.6% in the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock valued at $296,000 after acquiring an additional 19 shares during the period. Finally, May Hill Capital LLC raised its stake in Mastercard by 2.0% in the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock valued at $540,000 after acquiring an additional 19 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. This represents a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $585.05, for a total transaction of $8,220,537.55. Following the completion of the transaction, the insider owned 58,451 shares in the company, valued at approximately $34,196,757.55. This trade represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,269 shares of company stock valued at $30,634,699 in the last 90 days. 0.09% of the stock is owned by company insiders.

Mastercard Stock Down 0.0%

MA stock opened at $591.53 on Thursday. 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 company’s 50 day moving average is $566.06 and its 200 day moving average is $556.30. The stock has a market cap of $534.75 billion, a price-to-earnings ratio of 39.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.50 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analyst Weigh In

MA has been the topic of a number of research reports. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. TD Cowen restated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Finally, UBS Group increased their price target on shares of Mastercard from $660.00 to $670.00 and gave the stock a “buy” rating in a report on Tuesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $617.93.

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.