Montag A & Associates Inc. Decreases Stake in Mastercard Incorporated (NYSE:MA)

Montag A & Associates Inc. trimmed its position in shares of Mastercard Incorporated (NYSE:MAFree Report) by 0.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,184 shares of the credit services provider’s stock after selling 121 shares during the period. Montag A & Associates Inc.’s holdings in Mastercard were worth $9,575,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MA. Strategic Investment Solutions Inc. IL purchased a new position in shares of Mastercard during the 1st quarter valued at approximately $25,000. GeoWealth Management LLC purchased a new stake in Mastercard during the second quarter valued at about $26,000. Hibernia Wealth Partners LLC acquired a new position in Mastercard during the third quarter valued at $27,000. Bollard Group LLC acquired a new stake in Mastercard during the second quarter valued at $29,000. Finally, Barometer Capital Management Inc. acquired a new stake in shares of Mastercard in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 74.94% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MA shares. KeyCorp upped their price objective on Mastercard from $475.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, February 1st. William Blair reissued an “outperform” rating on shares of Mastercard in a research report on Wednesday, January 31st. Raymond James raised their price objective on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. The Goldman Sachs Group raised their price objective on shares of Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Finally, Morgan Stanley lowered their price objective on shares of Mastercard from $443.00 to $439.00 and set an “overweight” rating for the company in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $471.85.

View Our Latest Analysis on Mastercard

Mastercard Stock Performance

NYSE:MA traded up $0.83 during trading hours on Monday, reaching $458.71. The company had a trading volume of 1,782,851 shares, compared to its average volume of 2,482,164. The firm’s 50 day moving average price is $430.47 and its 200-day moving average price is $409.94. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard Incorporated has a 52 week low of $340.21 and a 52 week high of $463.84. The firm has a market cap of $430.17 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 1.74 and a beta of 1.08.

Mastercard (NYSE:MAGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same period last year, the business posted $2.65 EPS. On average, analysts forecast that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio (DPR) is 22.32%.

Mastercard declared that its Board of Directors has authorized a share repurchase program on Tuesday, December 5th that permits the company to buyback $11.00 billion in outstanding shares. This buyback authorization permits the credit services provider to repurchase up to 2.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, insider Craig Vosburg sold 8,900 shares of the company’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the transaction, the insider now directly owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Craig Vosburg sold 8,900 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $430.26, for a total transaction of $3,829,314.00. Following the completion of the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $20,003,217.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ajay Bhalla sold 98 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total value of $43,072.96. Following the transaction, the insider now directly owns 6,235 shares of the company’s stock, valued at $2,740,407.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,540 shares of company stock valued at $13,542,519. Company insiders own 0.13% of the company’s stock.

Mastercard Company Profile

(Free Report)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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