Sendero Wealth Management LLC Has $2.23 Million Stock Holdings in Mastercard Incorporated (NYSE:MA)

Sendero Wealth Management LLC increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,505 shares of the credit services provider’s stock after acquiring an additional 111 shares during the quarter. Sendero Wealth Management LLC’s holdings in Mastercard were worth $2,225,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Westend Capital Management LLC acquired a new stake in Mastercard in the 1st quarter valued at $27,000. Palisade Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter worth about $27,000. Scarborough Advisors LLC bought a new position in Mastercard during the 4th quarter valued at about $28,000. Beaird Harris Wealth Management LLC bought a new stake in Mastercard during the fourth quarter worth about $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 2nd quarter worth approximately $34,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction on Monday, August 5th. The shares were 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 owns 27,304 shares of the company’s stock, valued at $12,423,320. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 340,809 shares of company stock valued at $159,610,703. 0.10% of the stock is owned by insiders.

Mastercard Stock Down 0.4 %

MA traded down $1.88 during trading on Thursday, reaching $498.07. The company had a trading volume of 566,808 shares, compared to its average volume of 2,437,682. The business’s fifty day moving average price is $479.26 and its 200 day moving average price is $462.66. 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 12 month low of $359.77 and a 12 month high of $501.80. The company has a market cap of $463.01 billion, a P/E ratio of 39.57, a PEG ratio of 1.96 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. Equities analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed 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 of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.53%. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MA. Susquehanna lifted 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. Citigroup boosted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Piper Sandler boosted their target price on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. TD Cowen raised their price target on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Barclays boosted their price objective on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $518.96.

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.