Mastercard Incorporated (NYSE:MA) Shares Sold by Pensionfund Sabic

Pensionfund Sabic reduced its stake in Mastercard Incorporated (NYSE:MA) by 15.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,400 shares of the credit services provider’s stock after selling 1,200 shares during the period. Mastercard accounts for about 1.0% of Pensionfund Sabic’s investment portfolio, making the stock its 18th biggest holding. Pensionfund Sabic’s holdings in Mastercard were worth $3,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new position in Mastercard during the 1st quarter worth approximately $27,000. Palisade Asset Management LLC acquired a new position in shares of Mastercard during the first quarter valued at about $27,000. Scarborough Advisors LLC acquired a new position in shares of Mastercard during the fourth quarter valued at about $28,000. Beaird Harris Wealth Management LLC acquired a new position in Mastercard in the fourth quarter worth about $30,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the second quarter worth about $34,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. 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 available at this hyperlink. In related news, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at approximately $42,965,195,590.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,809 shares of company stock valued at $159,610,703. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of research reports. Argus raised shares of Mastercard to a “strong-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 report on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada lifted their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Bank of America boosted their price objective on shares of Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. Five investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and a consensus price target of $517.22.

Mastercard Trading Up 0.5 %

Shares of MA stock opened at $499.61 on Thursday. The business’s 50 day moving average is $479.26 and its two-hundred day moving average is $462.66. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $501.80. The company has a market capitalization of $464.44 billion, a P/E ratio of 39.71, a price-to-earnings-growth ratio of 1.96 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95.

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

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 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.