Yousif Capital Management LLC Lowers Holdings in Mastercard Incorporated $MA

Yousif Capital Management LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,201 shares of the credit services provider’s stock after selling 1,502 shares during the quarter. Mastercard accounts for approximately 0.6% of Yousif Capital Management LLC’s holdings, making the stock its 17th biggest position. Yousif Capital Management LLC’s holdings in Mastercard were worth $56,307,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MA. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard in the 2nd quarter worth about $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth about $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard in the 1st quarter worth about $31,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard in the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Mastercard in the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MA shares. Royal Bank Of Canada lifted their price target on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Morgan Stanley boosted their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Finally, Wolfe Research set a $655.00 target price on Mastercard in a research report on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $634.04.

Mastercard Price Performance

NYSE MA opened at $556.80 on Monday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a PEG ratio of 2.28 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a 50-day moving average price of $581.01 and a 200-day moving average price of $562.90.

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

Mastercard Announces Dividend

The firm 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 dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is presently 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.