Venture Visionary Partners LLC Increases Stock Holdings in Mastercard Incorporated $MA

Venture Visionary Partners LLC raised its position in shares of Mastercard Incorporated (NYSE:MA) by 0.2% during the 2nd quarter, Holdings Channel reports. The firm owned 30,477 shares of the credit services provider’s stock after buying an additional 61 shares during the quarter. Venture Visionary Partners LLC’s holdings in Mastercard were worth $17,127,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the period. Peoples Bank KS grew its position in shares of Mastercard by 9.8% in the first quarter. Peoples Bank KS now owns 2,023 shares of the credit services provider’s stock valued at $1,109,000 after purchasing an additional 180 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Mastercard by 3.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 20,833 shares of the credit services provider’s stock valued at $11,419,000 after purchasing an additional 773 shares in the last quarter. Aletheian Wealth Advisors LLC grew its position in shares of Mastercard by 14.1% in the first quarter. Aletheian Wealth Advisors LLC now owns 946 shares of the credit services provider’s stock valued at $519,000 after purchasing an additional 117 shares in the last quarter. Finally, Czech National Bank grew its position in shares of Mastercard by 5.2% in the first quarter. Czech National Bank now owns 187,055 shares of the credit services provider’s stock valued at $102,529,000 after purchasing an additional 9,329 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of analyst reports. KeyCorp upped their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Wells Fargo & Company increased their price objective on Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Finally, Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Mastercard currently has an average rating of “Buy” and a consensus price target of $630.89.

Mastercard Stock Down 0.3%

NYSE:MA opened at $565.63 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock’s fifty day moving average is $579.00 and its two-hundred day moving average is $560.57. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a market capitalization of $511.34 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. The firm’s revenue was up 16.8% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Insiders Place Their Bets

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,391 shares of company stock worth $20,836,514 over the last 90 days. 0.09% of the stock is owned by insiders.

About Mastercard

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.