Mastercard Incorporated $MA Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 889,617 shares of the credit services provider’s stock after selling 9,183 shares during the quarter. US Bancorp DE’s holdings in Mastercard were worth $499,913,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC purchased a new position in Mastercard in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $31,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MA shares. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. Finally, Wells Fargo & Company raised their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $634.04.

Mastercard Stock Performance

MA stock opened at $576.40 on Thursday. 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 stock has a market capitalization of $521.07 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The stock’s fifty day moving average is $581.11 and its two-hundred day moving average is $562.55.

Mastercard (NYSE:MA) last posted 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 company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business posted $3.50 earnings per share. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid 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 (DPR) is presently 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

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.