Mastercard Incorporated $MA Shares Sold by Orser Capital Management LLC

Orser Capital Management LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,309 shares of the credit services provider’s stock after selling 80 shares during the quarter. Mastercard comprises 3.4% of Orser Capital Management LLC’s portfolio, making the stock its 11th largest position. Orser Capital Management LLC’s holdings in Mastercard were worth $4,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MA. Ethos Financial Group LLC grew its holdings in shares of Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares during the last quarter. Fortis Advisors LLC grew its holdings in shares of Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock valued at $477,000 after purchasing an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida grew its holdings in shares of 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 valued at $380,000 after purchasing an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in shares of Mastercard by 18.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock valued at $3,766,000 after purchasing an additional 1,047 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Mastercard by 0.5% during the first quarter. Focus Partners Wealth now owns 607,702 shares of the credit services provider’s stock valued at $333,095,000 after purchasing an additional 3,001 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. Finally, UBS Group increased their price objective on 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 issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $626.54.

Insider Buying and Selling at Mastercard

In other news, insider Linda Pistecchia Kirkpatrick sold 958 shares of the firm’s stock in a transaction on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the sale, the insider directly owned 23,624 shares of the company’s stock, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,094 shares of company stock worth $26,521,861. 0.09% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of NYSE MA opened at $583.30 on Tuesday. The stock has a fifty day moving average price of $574.96 and a two-hundred day moving average price of $558.34. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $527.31 billion, a P/E ratio of 39.33, a PEG ratio of 2.38 and a beta of 0.99. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly 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 return on equity of 200.01% and a net margin of 44.93%.The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. Research analysts forecast 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. Stockholders of record on Wednesday, July 9th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

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.