Mastercard Incorporated (NYSE:MA) Shares Sold by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC decreased its stake in Mastercard Incorporated (NYSE:MAGet Rating) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 947 shares of the credit services provider’s stock after selling 220 shares during the period. Avidian Wealth Solutions LLC’s holdings in Mastercard were worth $269,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Bogart Wealth LLC raised its position in Mastercard by 10.2% in the 3rd quarter. Bogart Wealth LLC now owns 14,531 shares of the credit services provider’s stock valued at $4,132,000 after purchasing an additional 1,346 shares during the last quarter. Hills Bank & Trust Co grew its holdings in shares of Mastercard by 3.7% during the third quarter. Hills Bank & Trust Co now owns 16,596 shares of the credit services provider’s stock worth $4,719,000 after buying an additional 590 shares during the last quarter. SlateStone Wealth LLC increased its position in Mastercard by 3.5% in the 3rd quarter. SlateStone Wealth LLC now owns 3,250 shares of the credit services provider’s stock valued at $924,000 after acquiring an additional 110 shares during the period. Global Retirement Partners LLC raised its stake in Mastercard by 4.1% during the 3rd quarter. Global Retirement Partners LLC now owns 5,000 shares of the credit services provider’s stock valued at $1,641,000 after acquiring an additional 199 shares during the last quarter. Finally, Lockheed Martin Investment Management Co. lifted its position in Mastercard by 16.0% during the 3rd quarter. Lockheed Martin Investment Management Co. now owns 30,665 shares of the credit services provider’s stock worth $8,719,000 after acquiring an additional 4,233 shares during the period. 74.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wolfe Research increased their price target on Mastercard from $395.00 to $415.00 in a report on Thursday, January 5th. Citigroup dropped their target price on Mastercard from $415.00 to $400.00 in a research report on Friday, October 28th. Credit Suisse Group raised their price target on Mastercard from $370.00 to $390.00 and gave the company an “outperform” rating in a report on Friday, October 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Mastercard from $440.00 to $375.00 and set a “buy” rating on the stock in a report on Thursday, October 13th. Finally, Morgan Stanley decreased their target price on shares of Mastercard from $441.00 to $437.00 and set an “overweight” rating on the stock in a research report on Friday, October 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $405.23.

Insider Buying and Selling at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 177,211 shares of Mastercard stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $318.14, for a total transaction of $56,377,907.54. Following the sale, the insider now directly owns 102,211,625 shares in the company, valued at approximately $32,517,606,377.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 177,211 shares of Mastercard stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $318.14, for a total value of $56,377,907.54. Following the completion of the transaction, the insider now directly owns 102,211,625 shares in the company, valued at $32,517,606,377.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 6,333 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The shares were sold at an average price of $380.05, for a total value of $2,406,856.65. Following the sale, the insider now owns 41,314 shares in the company, valued at approximately $15,701,385.70. The disclosure for this sale can be found here. Insiders sold a total of 367,819 shares of company stock valued at $117,733,271 in the last ninety days. Insiders own 0.29% of the company’s stock.

Mastercard Trading Up 2.3 %

Shares of MA stock opened at $376.28 on Friday. The firm’s 50-day simple moving average is $353.48 and its 200-day simple moving average is $334.53. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.25 and a quick ratio of 1.25. Mastercard Incorporated has a 1-year low of $276.87 and a 1-year high of $399.92. The firm has a market cap of $361.78 billion, a P/E ratio of 37.59, a PEG ratio of 1.68 and a beta of 1.10.

Mastercard (NYSE:MAGet Rating) last issued its earnings results on Thursday, October 27th. The credit services provider reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.11. The company had revenue of $5.76 billion during the quarter, compared to the consensus estimate of $5.66 billion. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. As a group, equities analysts forecast that Mastercard Incorporated will post 10.56 EPS for the current year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 9th. Shareholders of record on Monday, January 9th will be issued a $0.57 dividend. The ex-dividend date is Friday, January 6th. This represents a $2.28 dividend on an annualized basis and a yield of 0.61%. This is a positive change from Mastercard’s previous quarterly dividend of $0.49. Mastercard’s payout ratio is currently 22.78%.

Mastercard Profile

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

See Also

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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