Mastercard Incorporated $MA Stock Holdings Trimmed by Strive Asset Management LLC

Strive Asset Management LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 6.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,725 shares of the credit services provider’s stock after selling 122 shares during the period. Strive Asset Management LLC’s holdings in Mastercard were worth $946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Risk Portfolios Inc. bought a new stake in Mastercard in the fourth quarter valued at about $31,000. Keystone Global Partners LLC bought a new position in shares of Mastercard during the first quarter valued at approximately $31,000. 10Elms LLP bought a new position in shares of Mastercard during the fourth quarter valued at approximately $33,000. Hughes Financial Services LLC bought a new position in shares of Mastercard during the first quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Mastercard during the fourth quarter valued at approximately $36,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. TD Cowen reaffirmed a “buy” rating and set a $645.00 target price on shares of Mastercard in a report on Monday, August 11th. UBS Group upped their target price on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Morgan Stanley upped their target price on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Truist Financial lowered their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Finally, Wells Fargo & Company boosted their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $626.54.

Insider Transactions at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the company’s stock in a transaction 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 completion of the transaction, the insider directly owned 12,921 shares in the company, valued at $7,064,815.17. This represents a 7.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,481 shares of company stock valued at $32,616,595 over the last three months. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

Shares of NYSE MA opened at $584.59 on Wednesday. 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 stock has a 50 day simple moving average of $573.50 and a 200-day simple moving average of $557.87. The company has a market cap of $528.48 billion, a PE ratio of 39.42, a P/E/G ratio of 2.41 and a beta of 0.99. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were 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 was Wednesday, July 9th. Mastercard’s dividend payout ratio is 20.50%.

Mastercard Company 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.