Mastercard Incorporated (NYSE:MA) Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its stake in Mastercard Incorporated (NYSE:MA) by 4.0% during the third quarter, HoldingsChannel.com reports. The firm owned 96,219 shares of the credit services provider’s stock after selling 4,020 shares during the period. Mastercard makes up approximately 2.4% of Motley Fool Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Motley Fool Wealth Management LLC’s holdings in Mastercard were worth $47,513,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in Mastercard in the third quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the 2nd quarter worth about $34,000. Fairway Wealth LLC bought a new stake in Mastercard in the 2nd quarter valued at about $35,000. First Personal Financial Services acquired a new position in Mastercard during the 3rd quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC grew its position in Mastercard by 74.0% in the 3rd 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 last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $526.18 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. The stock has a market cap of $482.94 billion, a PE ratio of 39.80, a PEG ratio of 2.37 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $404.32 and a 12-month high of $535.77. The business has a 50-day simple moving average of $511.83 and a two-hundred day simple moving average of $477.41.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.27 billion. During the same period in the prior year, the business posted $3.39 earnings per share. Mastercard’s quarterly revenue was up 12.8% on a year-over-year basis. Analysts anticipate that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 19.97%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MA. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Monday, November 25th. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Robert W. Baird increased their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Finally, TD Cowen raised their price objective on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus price target of $549.16.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 23.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

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.