Mastercard Incorporated $MA Shares Sold by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,536 shares of the credit services provider’s stock after selling 39 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Mastercard were worth $5,921,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Mastercard by 19.9% in the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after purchasing an additional 2,493 shares during the last quarter. Advisor Resource Council acquired a new position in shares of Mastercard in the 1st quarter valued at $1,029,000. Rockline Wealth Management LLC lifted its stake in shares of Mastercard by 6.5% in the 1st quarter. Rockline Wealth Management LLC now owns 8,335 shares of the credit services provider’s stock valued at $4,569,000 after purchasing an additional 507 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its stake in shares of Mastercard by 7.2% in the 1st quarter. Dupont Capital Management Corp now owns 49,045 shares of the credit services provider’s stock valued at $26,883,000 after purchasing an additional 3,288 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the 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 approximately $18,330,922.26. This represents a 36.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the topic of several recent analyst reports. Truist Financial decreased their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. KeyCorp upped their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada boosted their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Finally, Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $634.04.

Mastercard Price Performance

Shares of NYSE MA opened at $561.42 on Friday. The stock’s 50-day moving average is $580.22 and its two-hundred day moving average is $563.27. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market cap of $507.53 billion, a price-to-earnings ratio of 37.86, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share 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 company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter in the prior year, the business earned $3.50 EPS. Mastercard’s revenue was up 16.8% on a year-over-year basis. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date 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 is presently 20.50%.

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.