Martin & Co. Inc. TN Sells 304 Shares of Mastercard Incorporated (NYSE:MA)

Martin & Co. Inc. TN cut its holdings in shares of Mastercard Incorporated (NYSE:MAFree Report) by 5.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 5,673 shares of the credit services provider’s stock after selling 304 shares during the period. Martin & Co. Inc. TN’s holdings in Mastercard were worth $2,231,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. ERTS Wealth Advisors LLC grew its position in Mastercard by 1.9% during the second quarter. ERTS Wealth Advisors LLC now owns 1,376 shares of the credit services provider’s stock worth $541,000 after buying an additional 25 shares in the last quarter. Werba Rubin Papier Wealth Management grew its holdings in shares of Mastercard by 3.0% during the second quarter. Werba Rubin Papier Wealth Management now owns 869 shares of the credit services provider’s stock worth $342,000 after purchasing an additional 25 shares in the last quarter. Acropolis Investment Management LLC increased its position in shares of Mastercard by 1.6% in the second quarter. Acropolis Investment Management LLC now owns 1,677 shares of the credit services provider’s stock worth $660,000 after purchasing an additional 26 shares during the last quarter. New World Advisors LLC raised its stake in Mastercard by 2.0% in the second quarter. New World Advisors LLC now owns 1,300 shares of the credit services provider’s stock valued at $511,000 after purchasing an additional 26 shares in the last quarter. Finally, Archer Investment Corp lifted its position in Mastercard by 0.8% during the first quarter. Archer Investment Corp now owns 3,409 shares of the credit services provider’s stock valued at $1,209,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 74.94% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Foundation Mastercard sold 125,816 shares of Mastercard stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total value of $47,489,249.20. Following the completion of the sale, the insider now directly owns 98,424,221 shares in the company, valued at approximately $37,150,222,216.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Foundation Mastercard sold 125,816 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $377.45, for a total transaction of $47,489,249.20. Following the transaction, the insider now directly owns 98,424,221 shares of the company’s stock, valued at approximately $37,150,222,216.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hai Ling sold 3,324 shares of Mastercard stock in a transaction on Monday, August 28th. The stock was sold at an average price of $405.23, for a total value of $1,346,984.52. Following the completion of the sale, the insider now directly owns 27,546 shares of the company’s stock, valued at approximately $11,162,465.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 533,424 shares of company stock valued at $206,051,295. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MA. Morgan Stanley reduced their target price on Mastercard from $443.00 to $439.00 and set an “overweight” rating on the stock in a research note on Friday, October 27th. StockNews.com initiated coverage on Mastercard in a report on Thursday, October 5th. They set a “buy” rating on the stock. KeyCorp reduced their price target on shares of Mastercard from $440.00 to $430.00 and set an “overweight” rating on the stock in a research report on Friday, October 27th. Truist Financial boosted their price objective on shares of Mastercard from $450.00 to $475.00 and gave the stock a “buy” rating in a report on Monday, September 25th. Finally, Credit Suisse Group increased their target price on shares of Mastercard from $400.00 to $430.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $450.09.

Read Our Latest Report on Mastercard

Mastercard Stock Up 0.1 %

MA traded up $0.58 on Monday, hitting $400.88. The company had a trading volume of 572,420 shares, compared to its average volume of 2,644,712. Mastercard Incorporated has a 52-week low of $336.43 and a 52-week high of $418.60. The stock has a fifty day simple moving average of $395.21 and a 200-day simple moving average of $391.66. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $375.94 billion, a P/E ratio of 34.96, a P/E/G ratio of 1.79 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings results on Thursday, October 26th. The credit services provider reported $3.39 earnings per share for the quarter, beating the consensus estimate of $3.21 by $0.18. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.53 billion. Mastercard had a return on equity of 188.83% and a net margin of 44.85%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.68 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 12.16 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Monday, October 9th were paid a dividend of $0.57 per share. The ex-dividend date was Thursday, October 5th. This represents a $2.28 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio is currently 19.86%.

Mastercard Company Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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