Mastercard Incorporated (NYSE:MA) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC trimmed its holdings in shares of Mastercard Incorporated (NYSE:MA) by 23.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,585 shares of the credit services provider’s stock after selling 1,679 shares during the period. Lindbrook Capital LLC’s holdings in Mastercard were worth $2,758,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in Mastercard in the third quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Mastercard in the 2nd quarter worth about $34,000. Fairway Wealth LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth about $35,000. Lowe Wealth Advisors LLC lifted its position in Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its stake in Mastercard by 1,166.7% during the 2nd quarter. Valley Wealth Managers Inc. now owns 114 shares of the credit services provider’s stock valued at $50,000 after purchasing an additional 105 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MA shares. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a research note on Wednesday, July 31st. Bank of America raised their target price on Mastercard from $480.00 to $509.00 and gave the company a “neutral” rating in a research report on Tuesday, September 17th. Susquehanna boosted their price target on Mastercard from $540.00 to $605.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. BNP Paribas lowered Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 price target on the stock. in a report on Tuesday, September 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $565.00 price objective (up previously from $536.00) on shares of Mastercard in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Price Performance

NYSE MA opened at $524.67 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 1 year low of $386.74 and a 1 year high of $528.84. The company has a market cap of $481.56 billion, a PE ratio of 39.69, a PEG ratio of 2.28 and a beta of 1.10. The stock’s 50-day moving average price is $499.68 and its two-hundred day moving average price is $468.84.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the previous year, the business earned $3.39 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, analysts predict that Mastercard Incorporated will post 14.45 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were given a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. Mastercard’s dividend payout ratio (DPR) is presently 19.97%.

Insider Activity

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares of the company’s stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related 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 transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the sale, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 327,370 shares of company stock worth $153,495,958. 0.10% of the stock is owned by corporate insiders.

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.