Yeomans Consulting Group Inc. Sells 113 Shares of Mastercard Incorporated (NYSE:MA)

Yeomans Consulting Group Inc. cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 20.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 438 shares of the credit services provider’s stock after selling 113 shares during the period. Yeomans Consulting Group Inc.’s holdings in Mastercard were worth $216,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Goldstein Advisors LLC grew its position in shares of Mastercard by 1.3% during the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock valued at $749,000 after purchasing an additional 20 shares in the last quarter. McLean Asset Management Corp boosted its stake in Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after buying an additional 21 shares during the period. Quilter Plc grew its position in Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after buying an additional 22 shares in the last quarter. Cornerstone Wealth Management LLC increased its stake in Mastercard by 0.5% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock worth $2,148,000 after acquiring an additional 22 shares during the last quarter. Finally, Lafayette Investments Inc. raised its holdings in shares of Mastercard by 4.4% in the 3rd quarter. Lafayette Investments Inc. now owns 524 shares of the credit services provider’s stock valued at $259,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Up 0.3 %

Shares of MA stock traded up $1.64 during mid-day trading on Monday, reaching $509.00. The stock had a trading volume of 344,522 shares, compared to its average volume of 2,418,921. The firm has a market capitalization of $473.17 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. The stock’s 50-day moving average price is $491.84 and its two-hundred day moving average price is $465.36. 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 52-week low of $364.72 and a 52-week high of $518.82.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities analysts expect that Mastercard Incorporated will post 14.32 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 issued a dividend of $0.66 per share. The ex-dividend date is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is presently 20.99%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen raised their price objective 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. Argus upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. BNP Paribas downgraded 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. Finally, JPMorgan Chase & Co. upped their price objective on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $525.68.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction on Monday, August 5th. The stock was 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 owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 340,809 shares of company stock worth $159,610,703 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Mastercard 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.