Mastercard Incorporated (NYSE:MA) Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 83.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 573 shares of the credit services provider’s stock after selling 2,871 shares during the period. Founders Financial Securities LLC’s holdings in Mastercard were worth $276,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MA. Activest Wealth Management boosted its position in Mastercard by 87.4% in the 4th quarter. Activest Wealth Management now owns 536 shares of the credit services provider’s stock valued at $229,000 after buying an additional 250 shares during the last quarter. Cross Staff Investments Inc boosted its position in Mastercard by 16.3% in the 4th quarter. Cross Staff Investments Inc now owns 3,148 shares of the credit services provider’s stock valued at $1,343,000 after buying an additional 441 shares during the last quarter. Everett Harris & Co. CA boosted its position in Mastercard by 0.5% in the 4th quarter. Everett Harris & Co. CA now owns 49,539 shares of the credit services provider’s stock valued at $21,129,000 after buying an additional 252 shares during the last quarter. Atlantic Union Bankshares Corp boosted its position in Mastercard by 23.9% in the 4th quarter. Atlantic Union Bankshares Corp now owns 12,124 shares of the credit services provider’s stock valued at $5,171,000 after buying an additional 2,337 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its position in Mastercard by 7.2% in the 4th quarter. J.Safra Asset Management Corp now owns 490 shares of the credit services provider’s stock valued at $209,000 after buying an additional 33 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Price Performance

Shares of NYSE:MA opened at $441.16 on Monday. The firm’s 50 day moving average is $451.50 and its two-hundred day moving average is $453.31. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $490.00. The firm has a market capitalization of $410.11 billion, a P/E ratio of 35.07, a PEG ratio of 1.72 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the business earned $2.80 earnings per share. Mastercard’s revenue was up 10.4% compared to the same quarter last year. Analysts anticipate that Mastercard Incorporated will post 14.26 earnings per share for the current year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on MA shares. Mizuho decreased their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Piper Sandler assumed coverage on shares of Mastercard in a research report on Monday, May 13th. They set an “overweight” rating and a $531.00 price target on the stock. Morgan Stanley reduced their price target on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, TD Cowen assumed coverage on shares of Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $496.91.

Insider Activity at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the transaction, the insider now owns 97,215,308 shares in the company, valued at $44,472,114,797.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Mastercard news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $457.46, for a total value of $49,863,140.00. Following the transaction, the insider now owns 97,215,308 shares in the company, valued at $44,472,114,797.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Craig Vosburg sold 9,028 shares of Mastercard stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $451.06, for a total transaction of $4,072,169.68. Following the completion of the transaction, the insider now owns 58,940 shares in the company, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. Insiders have sold 3,163,228 shares of company stock worth $1,428,540,870 over the last quarter. 0.10% of the stock is currently owned by company insiders.

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.