Mastercard Incorporated $MA Shares Sold by Kidder Stephen W

Kidder Stephen W reduced its position in shares of Mastercard Incorporated (NYSE:MA) by 6.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 25,592 shares of the credit services provider’s stock after selling 1,856 shares during the quarter. Mastercard accounts for about 4.3% of Kidder Stephen W’s investment portfolio, making the stock its 6th biggest holding. Kidder Stephen W’s holdings in Mastercard were worth $14,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of MA. ORG Partners LLC increased its holdings in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after buying an additional 295 shares during the last quarter. Ethos Financial Group LLC raised its position in Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares in the last quarter. Fortis Advisors LLC raised its position in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after acquiring an additional 75 shares in the last quarter. Canandaigua National Trust Co of Florida raised its position in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after acquiring an additional 185 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC raised its position in Mastercard by 4.3% during the second quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after acquiring an additional 264 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of MA opened at $579.24 on Wednesday. The firm has a market capitalization of $523.64 billion, a PE ratio of 39.06, a PEG ratio of 2.37 and a beta of 0.97. The company’s 50-day moving average is $580.78 and its 200-day moving average is $562.45. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. 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 (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the company posted $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Royal Bank Of Canada upped their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. TD Cowen reaffirmed a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, Truist Financial dropped their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $634.04.

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.