Mastercard Incorporated $MA Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in Mastercard Incorporated (NYSE:MA) by 0.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 100,981 shares of the credit services provider’s stock after selling 101 shares during the period. Mastercard makes up about 0.9% of Crossmark Global Holdings Inc.’s holdings, making the stock its 15th largest holding. Crossmark Global Holdings Inc.’s holdings in Mastercard were worth $56,745,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. LGT Financial Advisors LLC purchased a new position in shares of Mastercard during the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the second quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in Mastercard during the first quarter worth about $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the first quarter valued at about $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Mastercard in the 2nd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on 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 completion of the transaction, 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 document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of Mastercard stock opened at $545.31 on Friday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a market cap of $489.68 billion, a PE ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92. 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 business has a 50-day simple moving average of $568.49 and a 200-day simple moving average of $569.93.

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

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MA shares. TD Cowen reaffirmed a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Truist Financial lowered their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Royal Bank Of Canada increased their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company dropped their target price on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and a consensus target price of $652.50.

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.