Mastercard Incorporated $MA Shares Sold by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,255 shares of the credit services provider’s stock after selling 133 shares during the period. TriaGen Wealth Management LLC’s holdings in Mastercard were worth $2,391,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth about $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the 1st quarter worth about $31,000. Hughes Financial Services LLC purchased a new position in Mastercard during the first quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC purchased a new position in Mastercard during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target on the stock. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a report on Saturday, September 27th. Finally, Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $634.04.

Mastercard Trading Down 0.3%

Shares of MA opened at $578.91 on Tuesday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock has a market cap of $523.34 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. The firm’s fifty day moving average is $580.46 and its two-hundred day moving average is $562.33. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the firm posted $3.50 earnings per share. Research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

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.