Warther Private Wealth LLC Sells 233 Shares of Mastercard Incorporated $MA

Warther Private Wealth LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 19.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 961 shares of the credit services provider’s stock after selling 233 shares during the quarter. Warther Private Wealth LLC’s holdings in Mastercard were worth $540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MA. LGT Financial Advisors LLC bought a new stake in shares of Mastercard during the second quarter worth $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard during the first quarter worth $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the first quarter worth $31,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Mastercard during the second quarter worth $31,000. 97.28% of the stock is currently owned by institutional investors.

Mastercard Price Performance

MA opened at $570.57 on Thursday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a market capitalization of $515.80 billion, a PE ratio of 38.47, a price-to-earnings-growth ratio of 2.34 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50-day moving average is $579.88 and its two-hundred day moving average is $564.14.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share 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 business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm 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. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s payout ratio is presently 20.50%.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business’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 sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup assumed coverage on Mastercard in a research report on Wednesday. They set a “buy” rating and a $735.00 target price for the company. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Royal Bank Of Canada raised their price target on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. KeyCorp restated an “overweight” rating and set a $665.00 price target on shares of Mastercard in a research note on Wednesday. Finally, Truist Financial cut their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average price target of $638.00.

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.