EverSource Wealth Advisors LLC Sells 44 Shares of Mastercard Incorporated (NYSE:MA)

EverSource Wealth Advisors LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,228 shares of the credit services provider’s stock after selling 44 shares during the period. EverSource Wealth Advisors LLC’s holdings in Mastercard were worth $2,582,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. raised its stake in shares of Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after acquiring an additional 4,685 shares during the last quarter. Wellington Wealth Strategies LLC. increased its holdings in shares of Mastercard by 31.3% in the first quarter. Wellington Wealth Strategies LLC. now owns 1,098 shares of the credit services provider’s stock valued at $529,000 after purchasing an additional 262 shares in the last quarter. Advisors Asset Management Inc. raised its position in Mastercard by 2.1% in the 1st quarter. Advisors Asset Management Inc. now owns 115,639 shares of the credit services provider’s stock worth $55,688,000 after purchasing an additional 2,412 shares during the last quarter. First Commonwealth Financial Corp PA boosted its position in Mastercard by 2.8% in the 1st quarter. First Commonwealth Financial Corp PA now owns 1,590 shares of the credit services provider’s stock valued at $766,000 after buying an additional 43 shares during the last quarter. Finally, Cadence Bank increased its stake in shares of Mastercard by 4.4% in the 1st quarter. Cadence Bank now owns 11,702 shares of the credit services provider’s stock valued at $5,636,000 after buying an additional 497 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other Mastercard news, major shareholder Foundation Mastercard sold 90,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 99,370 shares of company stock valued at $46,797,168. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MA. Oppenheimer initiated coverage on Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research report on Thursday, November 14th. UBS Group lifted their price target on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. BNP Paribas lowered shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price objective on the stock. in a report on Tuesday, September 3rd. Finally, BMO Capital Markets lifted their target price on shares of Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Down 0.7 %

NYSE:MA traded down $3.42 on Wednesday, hitting $516.04. 270,317 shares of the company’s stock were exchanged, compared to its average volume of 2,443,392. The firm has a 50-day moving average price of $505.41 and a 200-day moving average price of $472.48. Mastercard Incorporated has a 52 week low of $404.32 and a 52 week high of $534.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $473.64 billion, a P/E ratio of 39.29, a price-to-earnings-growth ratio of 2.32 and a beta of 1.10.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.39 earnings per share. As a group, analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is presently 19.97%.

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.