Mastercard Incorporated (NYSE:MA) Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,356 shares of the credit services provider’s stock after selling 144 shares during the quarter. OneAscent Financial Services LLC’s holdings in Mastercard were worth $1,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd purchased a new stake in shares of Mastercard in the fourth quarter valued at about $26,000. VitalStone Financial LLC lifted its holdings in shares of Mastercard by 300.0% in the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Mastercard in the fourth quarter valued at about $27,000. Westend Capital Management LLC purchased a new stake in shares of Mastercard in the first quarter valued at about $27,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Mastercard in the fourth quarter valued at about $28,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on MA shares. Barclays reduced their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a report on Monday, May 6th. Evercore ISI reduced their price objective on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating on the stock in a research note on Tuesday. Susquehanna reissued a “positive” rating and set a $535.00 price objective on shares of Mastercard in a research note on Wednesday, April 3rd. Robert W. Baird upped their price objective on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Mizuho reduced their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $496.91.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Foundation Mastercard sold 138,000 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $453.19, for a total value of $62,540,220.00. Following the transaction, the insider now directly owns 92,152,308 shares in the company, valued at approximately $41,762,504,462.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Sandra A. Arkell sold 300 shares of Mastercard stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $454.00, for a total transaction of $136,200.00. Following the completion of the sale, the insider now owns 3,463 shares in the company, valued at $1,572,202. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,163,228 shares of company stock worth $1,428,540,870. 0.10% of the stock is currently owned by insiders.

Mastercard Stock Down 0.4 %

MA stock traded down $1.59 during mid-day trading on Friday, hitting $441.16. 4,105,179 shares of the company were exchanged, compared to its average volume of 2,467,253. The company has a market capitalization of $410.11 billion, a PE ratio of 35.06, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $490.00. The firm has a fifty day simple moving average of $451.50 and a 200 day simple moving average of $452.88.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.09. The company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $2.80 EPS. On average, research analysts forecast that Mastercard Incorporated will post 14.26 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

About Mastercard

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.