Allworth Financial LP Sells 1,890 Shares of Mastercard Incorporated (NYSE:MA)

Allworth Financial LP lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,342 shares of the credit services provider’s stock after selling 1,890 shares during the quarter. Allworth Financial LP’s holdings in Mastercard were worth $15,971,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in MA. McLean Asset Management Corp boosted its stake in shares of Mastercard by 1.3% during the third quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares in the last quarter. Quilter Plc lifted its holdings in Mastercard by 2.8% during the second quarter. Quilter Plc now owns 801 shares of the credit services provider’s stock worth $353,000 after buying an additional 22 shares during the period. Cornerstone Wealth Management LLC boosted its position in Mastercard by 0.5% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,351 shares of the credit services provider’s stock valued at $2,148,000 after acquiring an additional 22 shares in the last quarter. Lafayette Investments Inc. increased its holdings in shares of Mastercard by 4.4% in the 3rd quarter. Lafayette Investments Inc. now owns 524 shares of the credit services provider’s stock valued at $259,000 after acquiring an additional 22 shares during the period. Finally, Atticus Wealth Management LLC raised its position in shares of Mastercard by 1.3% in the 1st quarter. Atticus Wealth Management LLC now owns 1,734 shares of the credit services provider’s stock worth $835,000 after acquiring an additional 23 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors.

Insider Activity at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of Mastercard stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the transaction, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,809 shares of company stock worth $159,610,703. 0.10% of the stock is owned by company insiders.

Mastercard Stock Performance

NYSE MA opened at $507.36 on Friday. The firm has a market capitalization of $471.65 billion, a P/E ratio of 40.33, a PEG ratio of 2.27 and a beta of 1.10. The stock has a 50-day simple moving average of $491.84 and a two-hundred day simple moving average of $465.44. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14. Mastercard Incorporated has a fifty-two week low of $359.77 and a fifty-two week high of $518.82.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.85 billion. On average, equities analysts forecast that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Wednesday, October 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MA shares. Compass Point began coverage on Mastercard in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Barclays boosted their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. JPMorgan Chase & Co. increased their price objective on Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Finally, Oppenheimer started coverage on Mastercard in a research note on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

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.