Topsail Wealth Management LLC Sells 104 Shares of Mastercard Incorporated $MA

Topsail Wealth Management LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 20.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 397 shares of the credit services provider’s stock after selling 104 shares during the quarter. Topsail Wealth Management LLC’s holdings in Mastercard were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. LGT Financial Advisors LLC purchased a new position in shares of Mastercard in the 2nd quarter worth approximately $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard in the 1st quarter worth approximately $31,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Mastercard in the 2nd quarter worth approximately $31,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Robert W. Baird boosted their price objective on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. KeyCorp restated an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a report on Wednesday. Finally, Citigroup upgraded Mastercard to a “strong-buy” rating in a report on Thursday. Five analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $638.96.

Mastercard Price Performance

Shares of MA stock opened at $573.72 on Friday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a market capitalization of $518.65 billion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97. The stock has a fifty day simple moving average of $579.51 and a two-hundred day simple moving average of $566.01. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

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

Mastercard Announces Dividend

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

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was 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 directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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.