Mastercard Incorporated (NYSE:MA) Stock Position Decreased by Sigma Planning Corp

Sigma Planning Corp lowered its holdings in Mastercard Incorporated (NYSE:MA) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,598 shares of the credit services provider’s stock after selling 69 shares during the period. Sigma Planning Corp’s holdings in Mastercard were worth $4,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MA. Highline Wealth Partners LLC acquired a new position in Mastercard during the 3rd quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard during the 2nd quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new position in Mastercard during the 2nd quarter valued at approximately $35,000. First Personal Financial Services acquired a new position in Mastercard during the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC boosted its position in Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MA. Compass Point began 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. 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. Piper Sandler reiterated an “overweight” rating and set a $565.00 price target (up previously from $536.00) on shares of Mastercard in a research report on Friday, November 1st. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $520.00 price target on shares of Mastercard in a research report on Wednesday, August 14th. Four research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $540.17.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s 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 transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the completion of the transaction, the insider now owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,370 shares of company stock valued at $153,495,958. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Up 1.3 %

NYSE:MA opened at $524.76 on Monday. The firm has a market capitalization of $481.64 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 2.30 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $386.74 and a 1-year high of $528.84. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s fifty day moving average price is $499.68 and its 200 day moving average price is $468.88.

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

Mastercard Announces Dividend

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

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.