Mastercard Incorporated $MA Stock Position Decreased by WD Rutherford LLC

WD Rutherford LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,389 shares of the credit services provider’s stock after selling 315 shares during the quarter. Mastercard comprises 2.2% of WD Rutherford LLC’s holdings, making the stock its 16th biggest position. WD Rutherford LLC’s holdings in Mastercard were worth $4,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC bought a new stake in shares of Mastercard during the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Mastercard during the 1st quarter worth $44,000. 97.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julius Genachowski sold 312 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,349 shares of company stock worth $21,372,994. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of NYSE:MA opened at $565.63 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The business has a fifty day simple moving average of $579.00 and a 200 day simple moving average of $560.29. The firm has a market cap of $511.34 billion, a price-to-earnings ratio of 38.14, a P/E/G ratio of 2.32 and a beta of 0.99.

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. As a group, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be 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 is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Analyst Ratings Changes

MA has been the subject of several research reports. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. TD Cowen reiterated a “buy” rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Wells Fargo & Company upped their price target on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. 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 research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned 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 a consensus price target of $630.89.

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.