WealthPLAN Partners LLC Cuts Stake in Mastercard Incorporated (NYSE:MA)

WealthPLAN Partners LLC cut its holdings in Mastercard Incorporated (NYSE:MA) by 27.2% in the third quarter, Holdings Channel reports. The fund owned 8,663 shares of the credit services provider’s stock after selling 3,234 shares during the quarter. WealthPLAN Partners LLC’s holdings in Mastercard were worth $4,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new position in shares of Mastercard in the 3rd quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the second quarter worth about $34,000. Fairway Wealth LLC bought a new position in Mastercard in the second quarter worth about $35,000. First Personal Financial Services purchased a new stake in shares of Mastercard during the third quarter valued at about $39,000. Finally, Lowe Wealth Advisors LLC boosted its holdings in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other 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 sale, the insider now directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the sale, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s 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 sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, 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. Over the last three months, insiders have sold 327,370 shares of company stock valued at $153,495,958. Corporate insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $530.12 on Tuesday. The company has a market capitalization of $486.56 billion, a P/E ratio of 40.10, a P/E/G ratio of 2.30 and a beta of 1.10. The business’s 50-day moving average is $499.68 and its two-hundred day moving average is $468.93. 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 Incorporated has a fifty-two week low of $393.02 and a fifty-two week high of $534.03.

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

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on MA shares. Barclays boosted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. KeyCorp increased their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. BNP Paribas cut 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. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $540.17.

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.