FCG Investment Co Sells 1,064 Shares of Mastercard Incorporated (NYSE:MA)

FCG Investment Co lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 19.2% during the third quarter, HoldingsChannel reports. The fund owned 4,490 shares of the credit services provider’s stock after selling 1,064 shares during the quarter. Mastercard makes up about 1.5% of FCG Investment Co’s portfolio, making the stock its 20th biggest holding. FCG Investment Co’s holdings in Mastercard were worth $2,217,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MA. Goldstein Advisors LLC increased its position in Mastercard by 1.3% during the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after buying an additional 20 shares during the last quarter. McLean Asset Management Corp boosted its stake in shares of Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock worth $834,000 after acquiring an additional 21 shares during the period. Quilter Plc increased its holdings in shares of Mastercard by 2.8% during the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after acquiring an additional 22 shares during the last quarter. Cornerstone Wealth Management LLC raised its stake in Mastercard by 0.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock valued at $2,148,000 after acquiring an additional 22 shares during the period. Finally, Lafayette Investments Inc. raised its stake in Mastercard by 4.4% in the 3rd quarter. Lafayette Investments Inc. now owns 524 shares of the credit services provider’s stock valued at $259,000 after acquiring an additional 22 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

Mastercard stock opened at $508.14 on Monday. The stock has a market cap of $472.37 billion, a PE ratio of 40.33, a P/E/G ratio of 2.27 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12-month low of $364.72 and a 12-month high of $518.82. The business’s 50-day moving average price is $491.84 and its two-hundred day moving average price is $465.36.

Mastercard (NYSE:MA) last released its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. As a group, analysts expect that Mastercard Incorporated will post 14.32 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Buying and Selling

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, 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 value of $55,746,740.00. Following the completion of the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 in the last 90 days. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MA shares. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Royal Bank of Canada raised their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. KeyCorp upped 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. Finally, JPMorgan Chase & Co. lifted their price target on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $525.68.

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.