Mastercard Incorporated (NYSE:MA) Shares Sold by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 19.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 620 shares of the credit services provider’s stock after selling 151 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Mastercard were worth $265,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MA. Cypress Wealth Services LLC increased its holdings in Mastercard by 2.9% in the fourth quarter. Cypress Wealth Services LLC now owns 864 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 24 shares during the last quarter. Syntegra Private Wealth Group LLC raised its position in shares of Mastercard by 1.2% in the 4th quarter. Syntegra Private Wealth Group LLC now owns 1,996 shares of the credit services provider’s stock valued at $851,000 after acquiring an additional 24 shares during the period. TRUE Private Wealth Advisors boosted its stake in Mastercard by 2.4% during the 4th quarter. TRUE Private Wealth Advisors now owns 1,037 shares of the credit services provider’s stock worth $442,000 after acquiring an additional 24 shares during the last quarter. Indiana Trust & Investment Management CO grew its holdings in Mastercard by 4.4% during the fourth quarter. Indiana Trust & Investment Management CO now owns 598 shares of the credit services provider’s stock valued at $255,000 after purchasing an additional 25 shares during the period. Finally, Tufton Capital Management boosted its position in shares of Mastercard by 4.5% during the fourth quarter. Tufton Capital Management now owns 604 shares of the credit services provider’s stock worth $258,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock traded up $2.48 on Friday, hitting $443.58. The company’s stock had a trading volume of 3,711,610 shares, compared to its average volume of 2,507,301. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.17 and a current ratio of 1.09. The stock’s 50 day moving average is $469.57 and its 200-day moving average is $437.74. The company has a market capitalization of $413.81 billion, a PE ratio of 35.26, a PEG ratio of 1.71 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the prior year, the business posted $2.80 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be issued a $0.66 dividend. The ex-dividend date is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.60%. Mastercard’s dividend payout ratio is presently 20.99%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Oppenheimer restated an “outperform” rating and set a $510.00 price objective on shares of Mastercard in a report on Thursday, February 1st. BMO Capital Markets raised their price target on shares of Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Morgan Stanley decreased their price target on Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday. Finally, Robert W. Baird boosted their target price on shares of Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Two analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.55.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 116,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $445.04, for a total value of $51,624,640.00. Following the completion of the transaction, the insider now owns 96,651,308 shares of the company’s stock, valued at $43,013,698,112.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Foundation Mastercard sold 116,000 shares of Mastercard stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $445.04, for a total value of $51,624,640.00. Following the transaction, the insider now directly owns 96,651,308 shares of the company’s stock, valued at $43,013,698,112.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the sale, the chief marketing officer now owns 12,255 shares of the company’s stock, valued at $5,832,644.70. The disclosure for this sale can be found here. In the last three months, insiders sold 583,088 shares of company stock worth $266,873,978. 0.13% of the stock is currently owned by company insiders.

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.