Kelman Lazarov Inc. Sells 40 Shares of Mastercard Incorporated $MA

Kelman Lazarov Inc. trimmed its stake in Mastercard Incorporated (NYSE:MA) by 1.0% during the second quarter, HoldingsChannel.com reports. The fund owned 4,026 shares of the credit services provider’s stock after selling 40 shares during the quarter. Kelman Lazarov Inc.’s holdings in Mastercard were worth $2,263,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC bought a new stake in Mastercard in the second quarter valued at $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC bought a new stake in Mastercard in the first quarter valued at $31,000. Hughes Financial Services LLC bought a new stake in Mastercard in the first quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard in the first quarter worth $44,000. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

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

Mastercard Trading Up 2.1%

Shares of MA opened at $561.42 on Friday. 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 Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The firm has a market capitalization of $507.53 billion, a PE ratio of 37.86, a price-to-earnings-growth ratio of 2.30 and a beta of 0.97. The stock’s fifty day simple moving average is $580.22 and its 200-day simple moving average is $563.27.

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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid 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 of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. KeyCorp boosted their price objective on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Robert W. Baird boosted their price objective on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average 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.