Mastercard Incorporated (NYSE:MA) Stock Holdings Trimmed by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC reduced its position in Mastercard Incorporated (NYSE:MA) by 81.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,330 shares of the credit services provider’s stock after selling 10,030 shares during the quarter. Lake Street Private Wealth LLC’s holdings in Mastercard were worth $1,151,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. First Trust Direct Indexing L.P. boosted its stake in Mastercard by 14.2% in the first quarter. First Trust Direct Indexing L.P. now owns 20,552 shares of the credit services provider’s stock valued at $9,897,000 after acquiring an additional 2,556 shares during the period. Coppell Advisory Solutions Corp. acquired a new position in Mastercard in the first quarter valued at approximately $608,000. SteelPeak Wealth LLC boosted its stake in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after acquiring an additional 1,612 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Mastercard in the first quarter valued at approximately $2,938,000. Finally, OMC Financial Services LTD acquired a new position in shares of Mastercard during the first quarter worth approximately $17,854,000. 97.28% of the stock is owned by institutional investors.

Mastercard Stock Up 0.0 %

NYSE:MA traded up $0.07 during trading hours on Wednesday, hitting $513.09. 359,469 shares of the stock traded hands, compared to its average volume of 2,428,619. The firm has a 50 day moving average price of $489.16 and a 200 day moving average price of $464.58. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $518.82. The firm has a market cap of $476.98 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 2.22 and a beta of 1.10.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 EPS for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a net margin of 46.45% and a return on equity of 179.78%. The business had revenue of $6.96 billion for the quarter, compared to analysts’ expectations of $6.85 billion. Equities research analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 in the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MA. Citigroup boosted their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Evercore ISI reduced their price objective on Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. JPMorgan Chase & Co. boosted their price objective on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Barclays boosted their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $525.68.

About Mastercard

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.