Freestone Capital Holdings LLC Sells 3,189 Shares of Mastercard Incorporated $MA

Freestone Capital Holdings LLC lessened its position in Mastercard Incorporated (NYSE:MA) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,826 shares of the credit services provider’s stock after selling 3,189 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Mastercard were worth $15,074,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new position in shares of Mastercard during the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC bought a new position in Mastercard in the 1st quarter worth approximately $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard during the first quarter worth approximately $31,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Mastercard in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA stock opened at $552.59 on Monday. The stock’s fifty day simple moving average is $576.43 and its 200 day simple moving average is $568.44. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The firm has a market cap of $499.54 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 2.27 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 (NYSE:MA) last issued its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.89 EPS. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid 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 0.6%. Mastercard’s payout ratio is 19.44%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. UBS Group boosted their target price on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday. KeyCorp restated an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a report on Wednesday, October 22nd. Truist Financial set a $638.00 price objective on shares of Mastercard in a research report on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Finally, Compass Point set a $620.00 price target on Mastercard and gave the company a “neutral” rating in a research note on Friday. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $647.89.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company 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.