Mastercard Incorporated $MA Shares Sold by McElhenny Sheffield Capital Management LLC

McElhenny Sheffield Capital Management LLC cut its stake in Mastercard Incorporated (NYSE:MA) by 4.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 781 shares of the credit services provider’s stock after selling 38 shares during the period. McElhenny Sheffield Capital Management LLC’s holdings in Mastercard were worth $439,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the first quarter worth $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the first quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard during the first quarter worth $44,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the 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 completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of MA opened at $563.77 on Friday. The firm has a 50-day moving average price of $581.06 and a 200 day moving average price of $562.68. The firm has a market capitalization of $509.65 billion, a PE ratio of 38.02, a P/E/G ratio of 2.36 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.50 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have weighed in on the stock. KeyCorp increased their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Finally, TD Cowen restated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Mastercard presently has an average rating of “Buy” and an average target price 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.