Mastercard Incorporated (NYSE:MA) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 10.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,889 shares of the credit services provider’s stock after selling 970 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Mastercard were worth $3,896,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in 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 purchasing an additional 330,872 shares during the period. Capital Research Global Investors increased its position in Mastercard by 0.3% in 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 acquiring an additional 43,881 shares during the period. Ameriprise Financial Inc. raised its stake in Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider’s stock valued at $2,241,297,000 after acquiring an additional 71,569 shares during the last quarter. Canada Pension Plan Investment Board lifted 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 worth $1,908,973,000 after acquiring an additional 113,238 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of 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 valued at $1,875,266,000 after purchasing an additional 38,380 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MA shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Argus raised shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Oppenheimer initiated coverage on shares of Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Mastercard from $500.00 to $570.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, TD Cowen increased their target price on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $523.27.

Mastercard Price Performance

Shares of NYSE MA opened at $502.26 on Monday. 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 company has a market capitalization of $466.91 billion, a price-to-earnings ratio of 39.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $502.92. The business has a 50 day simple moving average of $480.78 and a 200-day simple moving average of $462.88.

Mastercard (NYSE:MA) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. As a group, equities research analysts expect that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared 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 dividend yield of 0.53%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’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 completion of the transaction, the chief financial officer now owns 27,304 shares in the company, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on 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 transaction, the chief marketing officer now directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 in the last three months. 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.