Mastercard Incorporated $MA Shares Sold by Gables Capital Management Inc.

Gables Capital Management Inc. cut its holdings in Mastercard Incorporated (NYSE:MA) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,624 shares of the credit services provider’s stock after selling 270 shares during the quarter. Mastercard comprises approximately 1.5% of Gables Capital Management Inc.’s portfolio, making the stock its 16th largest holding. Gables Capital Management Inc.’s holdings in Mastercard were worth $3,160,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. LGT Financial Advisors LLC purchased a new stake in shares of Mastercard in the second quarter valued at about $25,000. Family Legacy Financial Solutions LLC purchased a new stake in shares of Mastercard in the second quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard in the first quarter valued at about $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Mastercard in the second quarter valued at about $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MA. Royal Bank Of Canada lifted their target price on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Robert W. Baird lifted their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Wells Fargo & Company set a $669.00 target price on shares of Mastercard and gave the company an “overweight” rating in a report on Tuesday. Finally, Seaport Res Ptn raised shares of 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-five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $634.74.

Mastercard Price Performance

MA stock opened at $572.14 on Wednesday. The firm has a 50 day moving average of $580.03 and a 200-day moving average of $564.09. 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. The company has a market cap of $517.22 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 2.32 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the firm earned $3.50 EPS. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. 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%.

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.