B & T Capital Management DBA Alpha Capital Management Trims Stock Holdings in Mastercard Incorporated (NYSE:MA)

B & T Capital Management DBA Alpha Capital Management trimmed its position in Mastercard Incorporated (NYSE:MA) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,332 shares of the credit services provider’s stock after selling 104 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Mastercard were worth $3,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Quotient Wealth Partners LLC boosted its holdings in Mastercard by 13.3% in the third quarter. Quotient Wealth Partners LLC now owns 4,863 shares of the credit services provider’s stock worth $2,401,000 after acquiring an additional 571 shares in the last quarter. SS&H Financial Advisors Inc. boosted its holdings in Mastercard by 4.1% in the third quarter. SS&H Financial Advisors Inc. now owns 3,075 shares of the credit services provider’s stock worth $1,518,000 after acquiring an additional 121 shares in the last quarter. Advocate Group LLC boosted its holdings in Mastercard by 3.5% in the third quarter. Advocate Group LLC now owns 8,254 shares of the credit services provider’s stock worth $4,076,000 after acquiring an additional 277 shares in the last quarter. Cypress Wealth Services LLC boosted its holdings in Mastercard by 5.3% in the third quarter. Cypress Wealth Services LLC now owns 1,179 shares of the credit services provider’s stock worth $582,000 after acquiring an additional 59 shares in the last quarter. Finally, Northstar Group Inc. boosted its holdings in Mastercard by 11.2% in the third quarter. Northstar Group Inc. now owns 726 shares of the credit services provider’s stock worth $358,000 after acquiring an additional 73 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MA has been the topic of several analyst reports. KeyCorp boosted their target price on Mastercard from $490.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Bank of America upped their price target on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Oppenheimer started coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Finally, Susquehanna upped their price target on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $518.96.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by corporate insiders.

Mastercard Price Performance

Shares of NYSE:MA traded down $1.24 during trading on Thursday, hitting $498.71. 499,510 shares of the company’s stock were exchanged, compared to its average volume of 2,437,503. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.80. The business’s 50-day simple moving average is $479.26 and its 200 day simple moving average is $462.66. The company has a market cap of $463.61 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 1.96 and a beta of 1.10.

Mastercard (NYSE:MA) last released 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 firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. As a group, equities analysts predict that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Wednesday, October 9th. 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.