Mastercard Inc (NYSE:MA) Shares Sold by Parsons Capital Management Inc. RI

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Parsons Capital Management Inc. RI lessened its stake in Mastercard Inc (NYSE:MA) by 7.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,160 shares of the credit services provider’s stock after selling 1,831 shares during the period. Parsons Capital Management Inc. RI’s holdings in Mastercard were worth $5,862,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MA. Joseph P. Lucia & Associates LLC purchased a new stake in Mastercard in the 2nd quarter valued at approximately $26,000. Delphi Private Advisors LLC purchased a new stake in Mastercard in the 2nd quarter valued at approximately $31,000. Evolution Wealth Advisors LLC purchased a new stake in Mastercard in the 2nd quarter valued at approximately $31,000. Valley National Advisers Inc. lifted its stake in Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after buying an additional 97 shares in the last quarter. Finally, Field & Main Bank purchased a new stake in Mastercard in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 74.25% of the company’s stock.

MA has been the topic of a number of recent research reports. Wedbush upped their target price on Mastercard from $261.00 to $287.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Citigroup set a $317.00 price target on Mastercard and gave the stock a “buy” rating in a research note on Friday, July 19th. Oppenheimer increased their price target on Mastercard from $242.00 to $259.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Raymond James increased their price target on Mastercard from $300.00 to $308.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Barclays increased their price target on Mastercard from $310.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $291.80.

Shares of MA stock traded up $3.64 on Thursday, reaching $270.79. 2,126,883 shares of the stock were exchanged, compared to its average volume of 3,683,371. The stock has a market cap of $273.92 billion, a PE ratio of 41.72, a P/E/G ratio of 2.14 and a beta of 1.08. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The stock’s 50 day moving average price is $273.39. Mastercard Inc has a 1-year low of $171.89 and a 1-year high of $283.33.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. As a group, equities analysts forecast that Mastercard Inc will post 7.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.33 per share. The ex-dividend date was Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.49%. Mastercard’s payout ratio is 20.34%.

In other news, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the completion of the sale, the insider now directly owns 134,120 shares in the company, valued at approximately $34,844,376. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 15,890 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $272.06, for a total value of $4,323,033.40. Following the sale, the insider now owns 112,030,712 shares of the company’s stock, valued at $30,479,075,506.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,511 shares of company stock valued at $54,471,508. Insiders own 3.70% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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