Mastercard Incorporated (NYSE:MA) Shares Sold by Pegasus Asset Management Inc.

Pegasus Asset Management Inc. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,206 shares of the credit services provider’s stock after selling 190 shares during the quarter. Mastercard makes up 3.2% of Pegasus Asset Management Inc.’s holdings, making the stock its 9th biggest position. Pegasus Asset Management Inc.’s holdings in Mastercard were worth $8,496,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Capital Advisors Wealth Management LLC acquired a new stake in shares of Mastercard during the first quarter worth $217,000. Annex Advisory Services LLC increased its position in shares of Mastercard by 42.9% in the first quarter. Annex Advisory Services LLC now owns 1,125 shares of the credit services provider’s stock worth $542,000 after purchasing an additional 338 shares during the period. Fermata Advisors LLC bought a new position in shares of Mastercard in the first quarter worth $245,000. Von Berge Wealth Management Group LLC bought a new position in shares of Mastercard in the first quarter worth $229,000. Finally, Sarasin & Partners LLP increased its position in shares of Mastercard by 2.2% in the first quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider’s stock worth $353,897,000 after purchasing an additional 15,756 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 over the last ninety days. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada raised their price target on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Evercore ISI decreased their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price on the stock. in a research report on Tuesday, September 3rd. Susquehanna lifted their target price on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a research report on Thursday, August 1st. Finally, KeyCorp lifted their target price on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Mastercard Trading Down 0.3 %

MA traded down $1.46 during trading on Tuesday, hitting $513.55. The company’s stock had a trading volume of 771,797 shares, compared to its average volume of 2,433,593. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.82. 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 stock’s fifty day moving average price is $488.09 and its 200-day moving average price is $464.33. The firm has a market capitalization of $477.40 billion, a P/E ratio of 40.59, a PEG ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $6.85 billion. Analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s payout ratio is 20.99%.

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.