Mastercard Incorporated (NYSE:MA) Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 7.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 492 shares of the credit services provider’s stock after selling 37 shares during the period. Financial Management Professionals Inc.’s holdings in Mastercard were worth $237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC acquired a new stake in shares of Mastercard during the first quarter worth about $27,000. VitalStone Financial LLC increased its position in Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Mastercard in the fourth quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard during the fourth quarter worth approximately $27,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Mastercard in the 4th quarter valued at $28,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Stock Down 0.4 %

Shares of NYSE:MA opened at $441.16 on Friday. The company has a market capitalization of $410.11 billion, a P/E ratio of 35.07, a P/E/G ratio of 1.73 and a beta of 1.09. The stock’s fifty day simple moving average is $451.50 and its 200-day simple moving average is $453.11. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.80 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Activity

In other Mastercard news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now directly owns 4,063 shares of the company’s stock, valued at approximately $1,817,095.49. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $453.19, for a total value of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares of the company’s stock, valued at approximately $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $447.23, for a total value of $134,169.00. Following the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 over the last quarter. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Barclays lowered their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Susquehanna restated a “positive” rating and issued a $535.00 price objective on shares of Mastercard in a research report on Wednesday, April 3rd. Robert W. Baird boosted their target price on Mastercard from $525.00 to $545.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 price target for the company. Finally, Mizuho dropped their price objective on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $496.91.

Mastercard 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.