Delaney Dennis R Sells 393 Shares of Mastercard Incorporated $MA

Delaney Dennis R trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,662 shares of the credit services provider’s stock after selling 393 shares during the period. Mastercard accounts for about 4.8% of Delaney Dennis R’s portfolio, making the stock its 3rd biggest holding. Delaney Dennis R’s holdings in Mastercard were worth $9,363,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC acquired a new position in shares of Mastercard in the second quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the 1st quarter valued at about $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard during the first quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Mastercard during the first quarter worth approximately $44,000. Institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MA shares. KeyCorp increased their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. TD Cowen restated a “buy” rating and issued a $645.00 price target on shares of Mastercard in a research note on Monday, August 11th. Finally, Truist Financial dropped their price objective on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus price target of $634.04.

Mastercard Stock Down 1.4%

MA stock opened at $556.80 on Monday. The company has a market cap of $503.35 billion, a PE ratio of 37.55, a price-to-earnings-growth ratio of 2.28 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 52 week low of $465.59 and a 52 week high of $601.77. The business has a 50-day simple moving average of $581.01 and a 200 day simple moving average of $562.90.

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

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors 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 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The stock was 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 $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Company 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.