Pegasus Asset Management Inc. Sells 190 Shares of Mastercard Incorporated (NYSE:MA)

Pegasus Asset Management Inc. decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,206 shares of the credit services provider’s stock after selling 190 shares during the period. Mastercard accounts for approximately 3.2% of Pegasus Asset Management Inc.’s holdings, making the stock its 9th biggest holding. Pegasus Asset Management Inc.’s holdings in Mastercard were worth $8,496,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new position in Mastercard during the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the 2nd quarter valued at about $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the 2nd quarter valued at about $35,000. Lowe Wealth Advisors LLC lifted its position in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Finally, Valued Wealth Advisors LLC lifted its position in Mastercard by 168.6% during the 1st quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock valued at $45,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on MA shares. Robert W. Baird upped their target price on shares of Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a research report on Monday. BMO Capital Markets restated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a research report on Wednesday, August 14th. TD Cowen upped their target price on shares of Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and an average target price of $525.68.

Mastercard Stock Down 0.3 %

Shares of MA traded down $1.46 during mid-day trading on Tuesday, hitting $513.55. 771,797 shares of the company’s stock were exchanged, compared to its average volume of 2,433,593. The company has a market cap of $477.40 billion, a PE ratio of 40.59, a P/E/G ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 52 week low of $359.77 and a 52 week high of $518.82. The company has a 50-day simple moving average of $488.09 and a 200 day simple moving average of $464.33. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate 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 net margin of 46.45% and a return on equity of 179.78%. On average, research analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm 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 dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. 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.