SageView Advisory Group LLC Decreases Position in Mastercard Incorporated $MA

SageView Advisory Group LLC decreased its holdings in Mastercard Incorporated (NYSE:MA) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,647 shares of the credit services provider’s stock after selling 74 shares during the quarter. SageView Advisory Group LLC’s holdings in Mastercard were worth $3,095,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MA. Brighton Jones LLC lifted its stake in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in shares of Mastercard by 11.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider’s stock worth $37,108,000 after acquiring an additional 7,452 shares in the last quarter. Mascagni Wealth Management Inc. acquired a new stake in Mastercard during the fourth quarter valued at approximately $73,000. Trustco Bank Corp N Y acquired a new stake in Mastercard during the fourth quarter valued at approximately $211,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Mastercard during the fourth quarter valued at approximately $3,992,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total value of $601,447.00. Following the transaction, the insider directly owned 12,921 shares in the company, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares of the company’s stock, 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 59,481 shares of company stock valued at $32,616,595 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several research reports. Truist Financial cut their price objective 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 target price on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and an average target price of $626.54.

Mastercard Price Performance

MA opened at $584.59 on Wednesday. The stock has a fifty day moving average of $573.50 and a 200-day moving average of $557.87. The firm has a market capitalization of $528.48 billion, a P/E ratio of 39.42, a PEG ratio of 2.41 and a beta of 0.99. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. 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 (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) 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 business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the company earned $3.50 earnings per share. Mastercard’s quarterly revenue was up 16.8% compared to the same quarter last year. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 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.