Mastercard Incorporated $MA Shares Sold by H&H Retirement Design & Management INC

H&H Retirement Design & Management INC lowered its position in Mastercard Incorporated (NYSE:MA) by 18.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,301 shares of the credit services provider’s stock after selling 294 shares during the period. H&H Retirement Design & Management INC’s holdings in Mastercard were worth $722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Accredited Investors Inc. raised its holdings in shares of Mastercard by 2.6% during the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock valued at $394,000 after buying an additional 18 shares during the last quarter. Wealthstream Advisors Inc. raised its holdings in shares of Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock valued at $347,000 after buying an additional 18 shares during the last quarter. Phillips Wealth Planners LLC raised its holdings in shares of Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock valued at $538,000 after buying an additional 19 shares during the last quarter. Alta Wealth Advisors LLC raised its holdings in shares of Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock valued at $296,000 after buying an additional 19 shares during the last quarter. Finally, May Hill Capital LLC raised its holdings in shares of Mastercard by 2.0% during the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock valued at $540,000 after buying an additional 19 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.6%

Mastercard stock opened at $576.40 on Thursday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $521.07 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm’s 50 day moving average price is $581.11 and its two-hundred day moving average price is $562.55.

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

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on MA shares. Morgan Stanley lifted their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. 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. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Robert W. Baird boosted their target price on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $634.04.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

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.