Profund Advisors LLC Sells 330 Shares of Mastercard Incorporated (NYSE:MA)

Profund Advisors LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,526 shares of the credit services provider’s stock after selling 330 shares during the period. Profund Advisors LLC’s holdings in Mastercard were worth $5,526,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Hoxton Planning & Management LLC grew its position in Mastercard by 1.4% during the first quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock valued at $788,000 after buying an additional 22 shares during the period. Quilter Plc lifted its holdings in Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 22 shares in the last quarter. Carolinas Wealth Consulting LLC increased its stake in shares of Mastercard by 5.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 484 shares of the credit services provider’s stock worth $206,000 after purchasing an additional 23 shares in the last quarter. Benin Management CORP increased its stake in shares of Mastercard by 3.0% during the first quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares in the last quarter. Finally, Atticus Wealth Management LLC increased its stake in shares of Mastercard by 1.3% during the first quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after purchasing an additional 23 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on Mastercard from $500.00 to $570.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Barclays increased their target price on Mastercard from $530.00 to $536.00 and gave the company an “overweight” rating in a report on Monday, August 5th. KeyCorp increased their target price on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Evercore ISI reduced their target price on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $512.08.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s 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 in the company, valued at $8,440,885.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s 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 in the company, valued at $8,440,885.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 131,000 shares of Mastercard stock in a transaction on Monday, June 24th. The shares were sold at an average price of $459.46, for a total value of $60,189,260.00. Following the completion of the transaction, the insider now owns 92,426,308 shares of the company’s stock, valued at $42,466,191,473.68. The disclosure for this sale can be found here. Insiders sold a total of 605,124 shares of company stock worth $280,045,189 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

MA stock opened at $492.74 on Friday. The business has a fifty day moving average of $466.24 and a two-hundred day moving average of $461.11. 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 cap of $458.06 billion, a price-to-earnings ratio of 39.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.80.

Mastercard (NYSE:MA) last posted its earnings results 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 company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. As a group, research analysts anticipate that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio is currently 20.99%.

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.