Mastercard Incorporated (NYSE:MA) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 17.2% during the second quarter, HoldingsChannel.com reports. The firm owned 30,365 shares of the credit services provider’s stock after selling 6,301 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Mastercard were worth $13,396,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MA. Newport Capital Group LLC purchased a new position in Mastercard in the second quarter valued at approximately $809,000. Wallace Capital Management Inc. raised its stake in shares of Mastercard by 8.5% in the 2nd quarter. Wallace Capital Management Inc. now owns 2,550 shares of the credit services provider’s stock valued at $1,125,000 after acquiring an additional 200 shares during the period. Quarry LP acquired a new position in shares of Mastercard during the 2nd quarter valued at $147,000. Invst LLC boosted its position in Mastercard by 14.0% during the 2nd quarter. Invst LLC now owns 829 shares of the credit services provider’s stock worth $363,000 after purchasing an additional 102 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Mastercard by 1.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 9,222 shares of the credit services provider’s stock valued at $4,069,000 after purchasing an additional 99 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Trading Up 0.5 %

Mastercard stock opened at $493.64 on Monday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $458.90 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 1.96 and a beta of 1.10. The firm has a 50-day moving average price of $470.79 and a two-hundred day moving average price of $461.76.

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

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. Mastercard’s payout ratio is 20.99%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MA. Piper Sandler upped their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. TD Cowen lifted their price objective on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. BNP Paribas cut shares of 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. Finally, Citigroup increased their price target on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $513.70.

Insider Activity at Mastercard

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 shares were 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 of the company’s stock, valued at approximately $8,440,885.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 over the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

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.