Thrive Wealth Management LLC Lowers Stake in Mastercard Incorporated (NYSE:MA)

Thrive Wealth Management LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,805 shares of the credit services provider’s stock after selling 139 shares during the quarter. Thrive Wealth Management LLC’s holdings in Mastercard were worth $1,832,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new position in shares of Mastercard in the 4th quarter worth $26,000. VitalStone Financial LLC grew its stake in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after buying an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard in the 4th quarter worth $27,000. Westend Capital Management LLC purchased a new position in shares of Mastercard in the 1st quarter worth $27,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Mastercard in the 4th quarter worth $28,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MA shares. Piper Sandler initiated coverage on shares of Mastercard in a report on Monday, May 13th. They set an “overweight” rating and a $531.00 price objective for the company. Susquehanna reissued a “positive” rating and set a $535.00 target price on shares of Mastercard in a research report on Wednesday, April 3rd. Mizuho lowered their price target on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company increased their price target on shares of Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Finally, Barclays reduced their price objective on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $496.91.

Mastercard Price Performance

MA stock traded up $3.08 during trading on Friday, hitting $445.83. The stock had a trading volume of 271,212 shares, compared to its average volume of 2,429,856. The company’s 50 day moving average price is $452.02 and its two-hundred day moving average price is $452.77. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The stock has a market cap of $414.45 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.09 and a current ratio of 1.09.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter in the previous year, the company posted $2.80 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio is currently 20.99%.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the transaction, the insider now owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the sale, the insider now owns 97,215,308 shares in the company, valued at approximately $44,472,114,797.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $451.06, for a total value of $4,072,169.68. Following the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,585,476.40. The disclosure for this sale can be found here. Insiders sold a total of 3,163,228 shares of company stock valued at $1,428,540,870 in the last 90 days. 0.10% of the stock is currently owned by insiders.

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.