Mill Creek Capital Advisors LLC Sells 97 Shares of Mastercard Incorporated (NYSE:MA)

Mill Creek Capital Advisors LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 19,200 shares of the credit services provider’s stock after selling 97 shares during the period. Mill Creek Capital Advisors LLC’s holdings in Mastercard were worth $8,470,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MA. Westend Capital Management LLC acquired a new position in Mastercard in the first quarter valued at approximately $27,000. Palisade Asset Management LLC purchased a new stake in Mastercard in the 1st quarter valued at about $27,000. VitalStone Financial LLC lifted its holdings 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 acquiring an additional 45 shares during the period. Scarborough Advisors LLC purchased a new position in Mastercard in the fourth quarter valued at about $28,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $30,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE MA opened at $497.14 on Tuesday. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $501.80. The stock has a fifty day moving average price of $467.31 and a 200 day moving average price of $461.24. The company has a market cap of $462.15 billion, a PE ratio of 39.52, a P/E/G ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Sell-side analysts forecast that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.53%. 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 Mastercard news, major shareholder Foundation Mastercard sold 138,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total transaction of $62,540,220.00. Following the sale, the insider now owns 92,152,308 shares in the company, valued at $41,762,504,462.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction 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 sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 478,809 shares of company stock valued at $222,150,923. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MA. KeyCorp increased their price objective on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. BMO Capital Markets reissued an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a research note on Wednesday, August 14th. Bank of America lifted their target price on shares of Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Barclays boosted their target price on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Compass Point assumed coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $512.08.

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.