Mastercard Incorporated $MA Shares Sold by Brookwood Investment Group LLC

Brookwood Investment Group LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 28.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,723 shares of the credit services provider’s stock after selling 685 shares during the period. Brookwood Investment Group LLC’s holdings in Mastercard were worth $968,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares during the period. Golden State Wealth Management LLC increased its stake in Mastercard by 2.5% during the 1st quarter. Golden State Wealth Management LLC now owns 1,157 shares of the credit services provider’s stock worth $635,000 after buying an additional 28 shares during the period. Joel Isaacson & Co. LLC increased its stake in Mastercard by 16.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 1,780 shares of the credit services provider’s stock worth $976,000 after buying an additional 249 shares during the period. Sovran Advisors LLC increased its stake in Mastercard by 10.6% during the 1st quarter. Sovran Advisors LLC now owns 2,445 shares of the credit services provider’s stock worth $1,265,000 after buying an additional 234 shares during the period. Finally, Avidian Wealth Enterprises LLC increased its stake in Mastercard by 6.6% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,019 shares of the credit services provider’s stock worth $1,107,000 after buying an additional 125 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mastercard

In other 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 value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

Mastercard Trading Down 0.4%

NYSE MA opened at $571.51 on Tuesday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a 50-day simple moving average of $579.25 and a 200-day simple moving average of $566.75. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $516.65 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 2.35 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 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the business posted $3.50 EPS. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current 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 issued a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Analysts Set New Price Targets

MA has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Finally, Morgan Stanley raised their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $638.96.

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.