Diversify Advisory Services LLC Decreases Stake in Mastercard Incorporated (NYSE:MA)

Diversify Advisory Services LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,934 shares of the credit services provider’s stock after selling 1,282 shares during the quarter. Diversify Advisory Services LLC’s holdings in Mastercard were worth $3,557,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MA. Fortitude Family Office LLC boosted its position in Mastercard by 11.0% during the third quarter. Fortitude Family Office LLC now owns 636 shares of the credit services provider’s stock worth $314,000 after acquiring an additional 63 shares during the last quarter. Gibraltar Capital Management Inc. lifted its stake in Mastercard by 0.6% in the 3rd quarter. Gibraltar Capital Management Inc. now owns 21,547 shares of the credit services provider’s stock worth $10,640,000 after purchasing an additional 124 shares in the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Mastercard by 14.6% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 14,834 shares of the credit services provider’s stock worth $7,325,000 after purchasing an additional 1,893 shares during the last quarter. abrdn plc grew its position in shares of Mastercard by 2.9% in the third quarter. abrdn plc now owns 1,080,500 shares of the credit services provider’s stock valued at $532,886,000 after purchasing an additional 30,587 shares in the last quarter. Finally, Pallas Capital Advisors LLC increased its holdings in shares of Mastercard by 4.4% in the third quarter. Pallas Capital Advisors LLC now owns 15,260 shares of the credit services provider’s stock valued at $7,792,000 after purchasing an additional 647 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

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

Analyst Ratings Changes

A number of analysts have issued reports on MA shares. Susquehanna raised their target price on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Argus raised shares of Mastercard to a “strong-buy” rating in a research note on Thursday, August 1st. Compass Point initiated coverage on Mastercard in a research report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target for the company. William Blair upgraded Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, Oppenheimer started coverage on Mastercard in a report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 target price for the company. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $525.68.

Mastercard Stock Performance

MA traded down $0.78 during trading on Tuesday, hitting $507.43. 112,547 shares of the stock were exchanged, compared to its average volume of 2,416,699. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $471.71 billion, a P/E ratio of 40.39, a PEG ratio of 2.27 and a beta of 1.10. The stock has a fifty day moving average price of $492.66 and a two-hundred day moving average price of $465.65. Mastercard Incorporated has a 1-year low of $364.72 and a 1-year high of $518.82.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.85 billion. As a group, sell-side analysts predict that Mastercard Incorporated will post 14.32 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 dividend on an annualized basis and a yield of 0.52%. Mastercard’s payout ratio is currently 20.99%.

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.