Thrive Wealth Management LLC Trims Position in Mastercard Incorporated (NYSE:MA)

Thrive Wealth Management LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 0.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,765 shares of the credit services provider’s stock after selling 21 shares during the quarter. Thrive Wealth Management LLC’s holdings in Mastercard were worth $1,859,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Brevan Howard Capital Management LP grew its stake in shares of Mastercard by 213.2% during the 4th quarter. Brevan Howard Capital Management LP now owns 8,456 shares of the credit services provider’s stock worth $3,607,000 after purchasing an additional 5,756 shares during the period. Banque Cantonale Vaudoise lifted its stake in shares of Mastercard by 6.9% during the 1st quarter. Banque Cantonale Vaudoise now owns 41,250 shares of the credit services provider’s stock worth $19,865,000 after purchasing an additional 2,676 shares during the period. First Trust Direct Indexing L.P. increased its stake in Mastercard by 14.2% in the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after purchasing an additional 2,556 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in Mastercard in the 1st quarter valued at about $608,000. Finally, SteelPeak Wealth LLC increased its stake in shares of Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Mastercard in a report on Tuesday. They issued an “outperform” rating and a $591.00 target price for the company. William Blair raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. KeyCorp increased their target price on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Compass Point assumed coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target for the company. Finally, TD Cowen raised their price objective on Mastercard from $532.00 to $533.00 and gave the stock 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $517.22.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Mastercard news, 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 transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA traded up $2.63 during trading hours on Friday, reaching $497.60. 1,935,637 shares of the stock were exchanged, compared to its average volume of 2,457,305. 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 stock has a market capitalization of $462.58 billion, a P/E ratio of 39.55, a P/E/G ratio of 1.96 and a beta of 1.10. The firm has a 50 day simple moving average of $476.54 and a 200-day simple moving average of $462.60.

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

Mastercard Announces Dividend

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

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.