Mastercard Incorporated (NYSE:MA) Stake Cut by Biltmore Family Office LLC

Biltmore Family Office LLC lowered its holdings in Mastercard Incorporated (NYSE:MA) by 3.4% during the first quarter, HoldingsChannel.com reports. The fund owned 2,797 shares of the credit services provider’s stock after selling 97 shares during the period. Biltmore Family Office LLC’s holdings in Mastercard were worth $1,533,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of MA. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the fourth quarter valued at approximately $31,000. Navigoe LLC bought a new stake in shares of Mastercard during the fourth quarter valued at about $33,000. 10Elms LLP bought a new stake in shares of Mastercard during the fourth quarter valued at about $33,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the first quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Mastercard during the fourth quarter valued at about $36,000. Institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,428 shares of Mastercard stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider owned 58,451 shares in the company, valued at $20,636,125.55. The trade was a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,603 shares of company stock valued at $20,265,667 in the last ninety days. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE MA opened at $574.42 on Friday. Mastercard Incorporated has a 52 week low of $453.46 and a 52 week high of $594.71. 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 business’s 50-day simple moving average is $563.90 and its 200-day simple moving average is $553.43. The firm has a market cap of $523.70 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 2.36 and a beta of 1.03.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same period last year, the business posted $3.50 earnings per share. As a group, equities research 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 was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

Several brokerages recently commented on MA. KeyCorp boosted their target price on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Royal Bank Of Canada boosted their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Wells Fargo & Company upped their price target on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Truist Financial dropped their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $615.33.

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.