Hollencrest Capital Management Sells 100 Shares of Mastercard Incorporated (NYSE:MA)

Hollencrest Capital Management lowered its stake in Mastercard Incorporated (NYSE:MA) by 0.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,747 shares of the credit services provider’s stock after selling 100 shares during the period. Mastercard makes up approximately 1.4% of Hollencrest Capital Management’s holdings, making the stock its 18th largest holding. Hollencrest Capital Management’s holdings in Mastercard were worth $31,652,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Mastercard by 0.4% in the first quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider’s stock valued at $36,399,279,000 after acquiring an additional 330,872 shares during the period. Capital International Investors grew its stake in shares of Mastercard by 3.3% in the fourth quarter. Capital International Investors now owns 21,041,685 shares of the credit services provider’s stock worth $8,974,478,000 after purchasing an additional 676,452 shares during the last quarter. Capital Research Global Investors increased its holdings in Mastercard by 0.3% during the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider’s stock valued at $6,574,347,000 after purchasing an additional 43,881 shares during the period. Canada Pension Plan Investment Board raised its position in Mastercard by 2.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider’s stock valued at $1,908,973,000 after purchasing an additional 113,238 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Mastercard by 0.9% in the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider’s stock worth $1,875,266,000 after buying an additional 38,380 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 131,000 shares of the 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 sale, the insider now directly owns 92,426,308 shares of the company’s stock, valued at $42,466,191,473.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction that occurred on Monday, August 5th. The shares were 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 document filed with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 131,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $459.46, for a total transaction of $60,189,260.00. Following the transaction, the insider now directly 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 have sold 605,124 shares of company stock valued at $280,045,189 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Piper Sandler upped their target price on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price objective on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. KeyCorp raised their target price on Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Finally, William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $512.08.

Mastercard Stock Down 0.4 %

Shares of MA stock opened at $493.01 on Friday. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $501.80. The company has a 50 day simple moving average of $465.19 and a two-hundred day simple moving average of $460.98. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The stock has a market cap of $458.31 billion, a P/E ratio of 39.19, a P/E/G ratio of 1.92 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 for the quarter, beating the consensus estimate of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. On average, research analysts expect that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

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