Main Street Financial Solutions LLC Reduces Stake in Mastercard Incorporated (NYSE:MA)

Main Street Financial Solutions LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 40.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,377 shares of the credit services provider’s stock after selling 2,313 shares during the period. Main Street Financial Solutions LLC’s holdings in Mastercard were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Mastercard by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after acquiring an additional 330,872 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Mastercard by 0.3% in the first quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock worth $6,574,347,000 after purchasing an additional 43,881 shares during the last quarter. International Assets Investment Management LLC increased its stake in Mastercard by 120,665.3% in the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after buying an additional 8,035,099 shares during the period. Ameriprise Financial Inc. lifted its holdings in Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after buying an additional 71,569 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in Mastercard by 2.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after buying an additional 113,238 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Mizuho upped their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Susquehanna upped their price objective on shares of Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research note on Friday, November 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Macquarie upped their price target on shares of Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $540.17.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now directly owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction that occurred on 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 directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 327,370 shares of company stock valued at $153,495,958. 0.10% of the stock is owned by insiders.

Mastercard Stock Down 1.4 %

MA opened at $521.50 on Thursday. The company has a fifty day moving average of $501.55 and a two-hundred day moving average of $469.88. The stock has a market capitalization of $478.65 billion, a price-to-earnings ratio of 39.45, a PEG ratio of 2.32 and a beta of 1.10. Mastercard Incorporated has a fifty-two week low of $394.76 and a fifty-two week high of $534.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.73 by $0.16. The company had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $3.39 earnings per share. On average, research analysts expect that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 19.97%.

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.