Fidelis Capital Partners LLC Sells 2,094 Shares of Mastercard Incorporated (NYSE:MA)

Fidelis Capital Partners LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 29.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,994 shares of the credit services provider’s stock after selling 2,094 shares during the period. Fidelis Capital Partners LLC’s holdings in Mastercard were worth $2,247,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Hoxton Planning & Management LLC increased its stake in shares of Mastercard by 1.4% in 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 increased its position in Mastercard by 2.8% during the 2nd quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock valued at $353,000 after purchasing an additional 22 shares during the period. Carolinas Wealth Consulting LLC raised its holdings in Mastercard by 5.0% during the 4th 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 during the last quarter. Benin Management CORP lifted its position in shares of Mastercard by 3.0% in the 1st quarter. Benin Management CORP now owns 794 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 23 shares during the period. Finally, Atticus Wealth Management LLC boosted its stake in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock valued at $835,000 after purchasing an additional 23 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MA shares. KeyCorp boosted their target price on shares of Mastercard from $490.00 to $515.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada upped their target price on Mastercard from $500.00 to $526.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. 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. TD Cowen raised their price objective on shares of Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Bank of America boosted their target price on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Five research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $512.08.

Mastercard Trading Down 0.1 %

Shares of MA stock opened at $492.74 on Friday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $501.80. The company has a 50-day simple moving average of $466.24 and a two-hundred day simple moving average of $461.11. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $458.06 billion, a price-to-earnings ratio of 39.17, a PEG ratio of 1.92 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The company had revenue of $6.96 billion during 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%. Research analysts anticipate that Mastercard Incorporated will post 14.29 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 131,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 92,426,308 shares in the company, valued at $42,466,191,473.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Mastercard news, major shareholder Foundation Mastercard sold 131,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’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 transaction, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 605,124 shares of company stock valued at $280,045,189. 0.10% of the stock is owned by insiders.

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.