MBE Wealth Management LLC Cuts Position in Mastercard Incorporated (NYSE:MA)

MBE Wealth Management LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,094 shares of the credit services provider’s stock after selling 81 shares during the period. MBE Wealth Management LLC’s holdings in Mastercard were worth $540,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Prio Wealth Limited Partnership increased its stake in Mastercard by 22.8% during the 3rd quarter. Prio Wealth Limited Partnership now owns 2,286 shares of the credit services provider’s stock worth $1,129,000 after buying an additional 425 shares in the last quarter. Trilogy Capital Inc. increased its stake in Mastercard by 13.9% during the 3rd quarter. Trilogy Capital Inc. now owns 893 shares of the credit services provider’s stock worth $441,000 after buying an additional 109 shares in the last quarter. Barden Capital Management Inc. increased its stake in Mastercard by 1.7% during the 3rd quarter. Barden Capital Management Inc. now owns 3,971 shares of the credit services provider’s stock worth $1,961,000 after buying an additional 66 shares in the last quarter. Violich Capital Management Inc. increased its stake in Mastercard by 3.7% during the 3rd quarter. Violich Capital Management Inc. now owns 3,535 shares of the credit services provider’s stock worth $1,746,000 after buying an additional 125 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. purchased a new stake in Mastercard during the 3rd quarter worth approximately $489,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MA shares. Citigroup boosted their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target for the company. in a research report on Tuesday, September 3rd. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Finally, Compass Point started coverage on Mastercard in a research report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target for the company. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $525.68.

Mastercard Trading Down 0.4 %

NYSE:MA traded down $2.27 during trading hours on Monday, reaching $514.07. 651,985 shares of the stock were exchanged, compared to its average volume of 2,434,067. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The business has a 50-day moving average of $486.90 and a two-hundred day moving average of $464.01. Mastercard Incorporated has a twelve month low of $359.77 and a twelve month high of $518.82. The company has a market capitalization of $477.89 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.08. The business had revenue of $6.96 billion for 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%. On average, equities analysts predict that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.

Insider Activity

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on 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 sale, the chief marketing officer now directly owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Foundation Mastercard sold 119,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the 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 completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 340,809 shares of company stock worth $159,610,703. Corporate insiders own 0.10% of the company’s stock.

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.