REAP Financial Group LLC Lowers Stake in Mastercard Incorporated $MA

REAP Financial Group LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MAFree Report) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 457 shares of the credit services provider’s stock after selling 38 shares during the quarter. REAP Financial Group LLC’s holdings in Mastercard were worth $257,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Mastercard by 0.5% in the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock valued at $42,503,787,000 after purchasing an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Mastercard during the second quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD increased its stake in shares of Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after buying an additional 907,184 shares during the period. Wellington Management Group LLP increased its stake in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock valued at $7,413,936,000 after buying an additional 3,765,378 shares during the period. Finally, Nuveen LLC bought a new position in Mastercard during the 1st quarter worth about $4,238,764,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $579.24 on Wednesday. The company’s 50 day moving average is $580.78 and its 200 day moving average is $562.45. The company has a market cap of $523.64 billion, a PE ratio of 39.06, a price-to-earnings-growth ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping 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 business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the firm posted $3.50 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. 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 20.50%.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on MA shares. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Morgan Stanley raised their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Finally, Truist Financial decreased their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $634.04.

Check Out Our Latest Research Report on Mastercard

Mastercard Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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