Mastercard Incorporated $MA Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its stake in Mastercard Incorporated (NYSE:MA) by 0.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 78,128 shares of the credit services provider’s stock after selling 34 shares during the period. Atria Investments Inc’s holdings in Mastercard were worth $43,903,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Kingstone Capital Partners Texas LLC bought a new position in Mastercard during the 2nd quarter worth approximately $11,421,213,000. Nuveen LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at approximately $4,238,764,000. Wellington Management Group LLP lifted its stake in 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 worth $7,413,936,000 after purchasing an additional 3,765,378 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Mastercard by 3,493.6% in the second quarter. Assenagon Asset Management S.A. now owns 934,110 shares of the credit services provider’s stock worth $524,914,000 after purchasing an additional 908,116 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in 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 purchasing an additional 907,184 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Citigroup raised Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Finally, Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, October 22nd. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $638.96.

Mastercard Price Performance

Shares of NYSE:MA opened at $553.89 on Thursday. The stock has a market cap of $500.72 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.32 and a beta of 0.97. 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 12 month low of $465.59 and a 12 month high of $601.77. The stock’s 50 day moving average price is $578.08 and its 200 day moving average price is $567.52.

Mastercard (NYSE:MA) last announced 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. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Equities research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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 given a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 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.