Metropolis Capital Ltd Sells 34,229 Shares of Mastercard Incorporated $MA

Metropolis Capital Ltd lowered its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.1% during the second quarter, Holdings Channel reports. The firm owned 343,006 shares of the credit services provider’s stock after selling 34,229 shares during the period. Mastercard accounts for about 6.1% of Metropolis Capital Ltd’s portfolio, making the stock its 8th largest position. Metropolis Capital Ltd’s holdings in Mastercard were worth $192,749,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the 2nd quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $27,000. Keystone Global Partners LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the first quarter worth $34,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Mastercard during the 1st quarter worth $44,000. 97.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Wells Fargo & Company lifted their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Mastercard has an average rating of “Buy” and an average price target of $630.89.

Mastercard Stock Up 1.0%

Shares of MA opened at $574.40 on Thursday. The stock has a market cap of $519.26 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 2.33 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a 50-day moving average price of $579.73 and a two-hundred day moving average price of $561.01.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the prior year, the company posted $3.50 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares of the company’s stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,391 shares of company stock worth $20,836,514 in the last 90 days. 0.09% 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.