Mastercard Incorporated $MA Shares Sold by Watershed Private Wealth LLC

Watershed Private Wealth LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 555 shares of the credit services provider’s stock after selling 34 shares during the period. Watershed Private Wealth LLC’s holdings in Mastercard were worth $312,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Accredited Investors Inc. lifted its position in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 18 shares during the period. Wealthstream Advisors Inc. lifted its holdings in shares of Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after purchasing an additional 18 shares during the period. Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% during the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after purchasing an additional 19 shares during the period. Alta Wealth Advisors LLC lifted its holdings in shares of Mastercard by 3.6% during the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock worth $296,000 after purchasing an additional 19 shares during the period. Finally, May Hill Capital LLC lifted its stake in shares of Mastercard by 2.0% in the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock worth $540,000 after acquiring an additional 19 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Price Performance

MA stock opened at $579.24 on Wednesday. The firm has a 50 day moving average of $580.78 and a 200-day moving average of $562.45. The company has a market cap of $523.64 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. 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 (NYSE:MA) last issued 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. The firm had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.50 earnings per share. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

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

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. TD Cowen restated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. KeyCorp raised their price objective on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Finally, Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $634.04.

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.