Mastercard Incorporated (NYSE:MA) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its position in Mastercard Incorporated (NYSE:MA) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 245,881 shares of the credit services provider’s stock after selling 416 shares during the quarter. Mastercard makes up about 2.1% of HM Payson & Co.’s holdings, making the stock its 8th biggest position. HM Payson & Co.’s holdings in Mastercard were worth $121,416,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the third quarter valued at about $25,000. Palisade Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard during the 2nd quarter worth approximately $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the second quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC lifted its position in Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. Institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MA shares. JPMorgan Chase & Co. raised their price objective on shares of Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Argus raised 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 issued a “neutral” rating and a $525.00 target price for the company. Oppenheimer initiated coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price target on the stock. Finally, BNP Paribas cut Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $525.68.

Insider Transactions at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade 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 accessible through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction dated 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 sale, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Mastercard stock traded up $4.54 during mid-day trading on Thursday, hitting $518.23. 363,226 shares of the company’s stock traded hands, compared to its average volume of 2,419,565. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $494.33 and a two-hundred day simple moving average of $466.27. Mastercard Incorporated has a fifty-two week low of $373.11 and a fifty-two week high of $527.54. The stock has a market cap of $478.76 billion, a price-to-earnings ratio of 39.29, a P/E/G ratio of 2.27 and a beta of 1.10.

Mastercard (NYSE:MA) last issued 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 net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.85 billion. On average, research analysts expect that Mastercard Incorporated will post 14.32 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is 20.18%.

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.