Mastercard Incorporated $MA Shares Sold by L.M. Kohn & Company

L.M. Kohn & Company cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,094 shares of the credit services provider’s stock after selling 432 shares during the quarter. Mastercard comprises about 1.4% of L.M. Kohn & Company’s investment portfolio, making the stock its 15th largest position. L.M. Kohn & Company’s holdings in Mastercard were worth $5,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oarsman Capital Inc. grew its stake in shares of Mastercard by 13.0% during the 2nd quarter. Oarsman Capital Inc. now owns 1,379 shares of the credit services provider’s stock worth $775,000 after purchasing an additional 159 shares during the period. Bank of Jackson Hole Trust grew its stake in shares of Mastercard by 66.3% during the 2nd quarter. Bank of Jackson Hole Trust now owns 281 shares of the credit services provider’s stock worth $158,000 after purchasing an additional 112 shares during the period. Biltmore Family Office LLC grew its stake in shares of Mastercard by 0.7% during the 2nd quarter. Biltmore Family Office LLC now owns 2,817 shares of the credit services provider’s stock worth $1,583,000 after purchasing an additional 20 shares during the period. Austin Private Wealth LLC grew its stake in shares of Mastercard by 33.4% during the 2nd quarter. Austin Private Wealth LLC now owns 1,409 shares of the credit services provider’s stock worth $792,000 after purchasing an additional 353 shares during the period. Finally, Providence First Trust Co grew its stake in shares of Mastercard by 4.8% during the 2nd quarter. Providence First Trust Co now owns 4,487 shares of the credit services provider’s stock worth $2,521,000 after purchasing an additional 205 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MA shares. Truist Financial set a $638.00 price objective on shares of Mastercard in a research note on Friday. Morgan Stanley increased their price objective on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $638.96.

Mastercard Price Performance

Mastercard stock opened at $565.79 on Wednesday. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a market capitalization of $511.48 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.34 and a beta of 0.97. The firm’s 50-day moving average is $578.85 and its two-hundred day moving average is $567.21. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Mastercard (NYSE:MA) last released its quarterly earnings results 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. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period last year, the company earned $3.50 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. Equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders 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 (DPR) is currently 20.50%.

Mastercard 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.