Mather Group LLC. Cuts Stake in Mastercard Incorporated (NYSE:MA)

Mather Group LLC. decreased its stake in Mastercard Incorporated (NYSE:MA) by 10.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,680 shares of the credit services provider’s stock after selling 1,407 shares during the period. Mather Group LLC.’s holdings in Mastercard were worth $6,261,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MA. Salvus Wealth Management LLC boosted its position in Mastercard by 3.5% in the 3rd quarter. Salvus Wealth Management LLC now owns 1,546 shares of the credit services provider’s stock valued at $763,000 after buying an additional 53 shares during the last quarter. McLean Asset Management Corp boosted its holdings in Mastercard by 1.3% in the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares during the last quarter. Kwmg LLC acquired a new stake in Mastercard during the 3rd quarter valued at approximately $208,000. Value Partners Investments Inc. increased its holdings in Mastercard by 5.6% during the 3rd quarter. Value Partners Investments Inc. now owns 8,060 shares of the credit services provider’s stock worth $3,980,000 after purchasing an additional 427 shares during the last quarter. Finally, Parisi Gray Wealth Management raised its position in shares of Mastercard by 0.3% in the 3rd quarter. Parisi Gray Wealth Management now owns 14,849 shares of the credit services provider’s stock valued at $7,332,000 after purchasing an additional 49 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on MA. Argus raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Evercore ISI reduced their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective for the company. in a report on Tuesday, September 3rd. Finally, TD Cowen lifted their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $517.22.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock worth $159,610,703 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Mastercard Stock Down 1.3 %

MA opened at $491.30 on Tuesday. The stock’s 50 day moving average price is $476.54 and its 200 day moving average price is $462.27. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market cap of $456.72 billion, a P/E ratio of 39.05, a P/E/G ratio of 1.96 and a beta of 1.10. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $501.80.

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 for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, research analysts predict that Mastercard Incorporated will post 14.29 earnings per share for the current year.

Mastercard Dividend Announcement

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

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.