Mastercard Incorporated (NYSE:MA) Shares Sold by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tremblant Capital Group grew its position in shares of Mastercard by 46.7% during the second quarter. Tremblant Capital Group now owns 4,028 shares of the credit services provider’s stock worth $1,777,000 after acquiring an additional 1,282 shares during the last quarter. Resources Management Corp CT ADV raised its holdings in shares of Mastercard by 12.2% during the second quarter. Resources Management Corp CT ADV now owns 3,451 shares of the credit services provider’s stock valued at $1,522,000 after buying an additional 374 shares during the last quarter. Marietta Investment Partners LLC grew its holdings in Mastercard by 0.3% in the 2nd quarter. Marietta Investment Partners LLC now owns 22,456 shares of the credit services provider’s stock worth $9,907,000 after buying an additional 60 shares in the last quarter. Xponance Inc. increased its position in Mastercard by 1.1% in the 2nd quarter. Xponance Inc. now owns 212,966 shares of the credit services provider’s stock valued at $93,952,000 after acquiring an additional 2,263 shares during the period. Finally, Evergreen Capital Management LLC raised its stake in Mastercard by 1.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 8,286 shares of the credit services provider’s stock valued at $3,655,000 after acquiring an additional 151 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Performance

NYSE:MA opened at $497.14 on Tuesday. The firm has a market capitalization of $462.15 billion, a PE ratio of 39.52, a PEG ratio of 1.92 and a beta of 1.10. The firm’s fifty day simple moving average is $467.31 and its 200 day simple moving average is $461.24. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $501.80. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last announced its quarterly earnings results 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. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given 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 payout ratio is 20.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MA shares. William Blair raised Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Barclays upped their target price on Mastercard from $530.00 to $536.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Piper Sandler lifted their price target on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. KeyCorp upped their price objective on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Citigroup lifted their target price on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $512.08.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 138,000 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the sale, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s 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 completion of the sale, the insider now owns 92,152,308 shares of the company’s stock, valued at $41,762,504,462.52. The disclosure for this sale can be found here. Insiders sold a total of 478,809 shares of company stock worth $222,150,923 in the last quarter. 0.10% of the stock is owned by company 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.