Ownership Capital B.V. Sells 110,713 Shares of Mastercard Incorporated $MA

Ownership Capital B.V. cut its holdings in Mastercard Incorporated (NYSE:MA) by 30.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 251,205 shares of the credit services provider’s stock after selling 110,713 shares during the quarter. Mastercard comprises approximately 8.2% of Ownership Capital B.V.’s portfolio, making the stock its largest holding. Ownership Capital B.V.’s holdings in Mastercard were worth $141,162,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The transaction 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 Price Performance

MA opened at $565.79 on Wednesday. The company has a fifty day simple moving average of $578.85 and a 200 day simple moving average of $567.21. The firm has a market cap of $511.48 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.34 and a beta of 0.97. Mastercard Incorporated has a twelve month low of $465.59 and a twelve 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.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 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 firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the firm posted $3.50 EPS. The firm’s revenue was up 16.8% compared to the same quarter last year. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analyst Weigh In

MA has been the topic of several recent analyst reports. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. TD Cowen restated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Finally, Truist Financial set a $638.00 target price on shares of Mastercard in a research report on Friday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus 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.