Peloton Wealth Strategists Sells 951 Shares of Mastercard Incorporated (NYSE:MA)

Peloton Wealth Strategists cut its stake in Mastercard Incorporated (NYSE:MA) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,912 shares of the credit services provider’s stock after selling 951 shares during the period. Mastercard makes up about 3.3% of Peloton Wealth Strategists’ portfolio, making the stock its biggest holding. Peloton Wealth Strategists’ holdings in Mastercard were worth $8,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Occidental Asset Management LLC grew its stake in shares of Mastercard by 31.6% during the second quarter. Occidental Asset Management LLC now owns 787 shares of the credit services provider’s stock worth $347,000 after buying an additional 189 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Mastercard by 5.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,746 shares of the credit services provider’s stock valued at $6,947,000 after buying an additional 863 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Mastercard by 2.8% during the second quarter. WASHINGTON TRUST Co now owns 1,887 shares of the credit services provider’s stock worth $832,000 after purchasing an additional 51 shares during the period. Foguth Wealth Management LLC. lifted its holdings in Mastercard by 61.9% during the 2nd quarter. Foguth Wealth Management LLC. now owns 717 shares of the credit services provider’s stock worth $316,000 after buying an additional 274 shares during the period. Finally, Bank Pictet & Cie Asia Ltd. boosted its holdings in Mastercard by 24.2% in the second quarter. Bank Pictet & Cie Asia Ltd. now owns 13,300 shares of the credit services provider’s stock valued at $5,867,000 after acquiring an additional 2,595 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 transaction, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

MA has been the subject of a number of analyst reports. Compass Point initiated coverage on shares of Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price for the company. KeyCorp boosted their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research note on Thursday, November 14th. Finally, BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a research report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $551.42.

Mastercard Price Performance

Mastercard stock opened at $528.57 on Monday. Mastercard Incorporated has a 52 week low of $409.23 and a 52 week high of $535.77. The company’s 50 day moving average price is $513.84 and its two-hundred day moving average price is $478.81. The stock has a market cap of $485.14 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.35 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $3.39 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 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.