Mastercard Incorporated (NYSE:MA) is Marshall & Sullivan Inc. WA’s 10th Largest Position

Marshall & Sullivan Inc. WA decreased its stake in Mastercard Incorporated (NYSE:MA) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,361 shares of the credit services provider’s stock after selling 304 shares during the quarter. Mastercard comprises 3.4% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 10th biggest holding. Marshall & Sullivan Inc. WA’s holdings in Mastercard were worth $7,091,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westend Capital Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Palisade Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth approximately $27,000. Scarborough Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth approximately $28,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Mastercard in the 4th quarter worth approximately $30,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 0.8 %

MA opened at $502.25 on Friday. The firm has a market cap of $464.00 billion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a 12 month low of $359.77 and a 12 month high of $502.92. The stock has a fifty day moving average price of $480.78 and a 200-day moving average price of $463.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, topping the consensus estimate of $3.51 by $0.08. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. As a group, equities research analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.18%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Piper Sandler boosted their price objective on Mastercard from $531.00 to $536.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. TD Cowen boosted their price objective on Mastercard from $532.00 to $533.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective for the company. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Susquehanna boosted their price objective on Mastercard from $535.00 to $540.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $518.96.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at $12,423,320. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last ninety days. 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.