Mastercard Incorporated $MA Stock Holdings Lessened by Putney Financial Group LLC

Putney Financial Group LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,752 shares of the credit services provider’s stock after selling 267 shares during the quarter. Mastercard accounts for 2.5% of Putney Financial Group LLC’s investment portfolio, making the stock its 7th largest holding. Putney Financial Group LLC’s holdings in Mastercard were worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. ORG Partners LLC increased its holdings in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after buying an additional 295 shares during the last quarter. Ethos Financial Group LLC increased its stake in shares of Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after purchasing an additional 518 shares during the last quarter. Curio Wealth LLC raised its holdings in shares of Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares during the period. Wheelhouse Advisory Group LLC raised its holdings in shares of Mastercard by 4.4% in the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares during the period. Finally, SeaBridge Investment Advisors LLC grew its holdings in Mastercard by 4.3% during the second quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after purchasing an additional 264 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on 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 completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MA. Truist Financial lowered their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Royal Bank Of Canada boosted their price objective on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. UBS Group upped their price objective on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Finally, KeyCorp reissued an “overweight” rating and issued a $665.00 price target on shares of Mastercard in a research report on Wednesday, October 22nd. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $649.26.

Mastercard Trading Up 0.9%

Shares of MA opened at $557.93 on Wednesday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a market cap of $504.38 billion, a PE ratio of 37.62, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business’s 50-day moving average price is $570.69 and its 200-day moving average price is $569.80.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business earned $3.89 earnings per share. On average, equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a $0.76 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is presently 19.44%.

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.