Elo Mutual Pension Insurance Co Sells 66 Shares of Mastercard Incorporated (NYSE:MA)

Elo Mutual Pension Insurance Co cut its stake in Mastercard Incorporated (NYSE:MA) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,448 shares of the credit services provider’s stock after selling 66 shares during the quarter. Mastercard comprises approximately 0.8% of Elo Mutual Pension Insurance Co’s holdings, making the stock its 21st largest holding. Elo Mutual Pension Insurance Co’s holdings in Mastercard were worth $33,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of MA. VitalStone Financial LLC raised its holdings in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the period. Westend Capital Management LLC purchased a new stake in Mastercard in the first quarter worth $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard during the first quarter worth $27,000. Scarborough Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter valued at $28,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of Mastercard in the fourth quarter worth about $30,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In related news, insider Craig Vosburg sold 9,028 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $451.06, for a total value of $4,072,169.68. Following the transaction, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 725,152 shares of company stock valued at $334,186,128. 0.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on MA. Bank of America boosted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Compass Point initiated coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. Piper Sandler upped their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price target on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $512.08.

Mastercard Stock Performance

Shares of Mastercard stock opened at $501.22 on Wednesday. The firm has a market capitalization of $465.94 billion, a P/E ratio of 39.84, a PEG ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $501.74. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a 50 day moving average price of $462.83 and a 200 day moving average price of $460.52.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Sell-side analysts expect that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

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.