Allspring Global Investments Holdings LLC Sells 19,933 Shares of Mastercard Incorporated $MA

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Mastercard by 4.2%, selling 19,933 shares and bringing its total holdings down to 452,736 shares valued at approximately $255.6 million.
• Mastercard's recent quarterly earnings exceeded expectations, reporting $4.15 EPS and $8.13 billion in revenue, marking a 16.8% year-over-year increase.
• The company declared a quarterly dividend of $0.76 per share scheduled for payment on November 7th, with a current dividend yield of 0.5%.

Allspring Global Investments Holdings LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 452,736 shares of the credit services provider's stock after selling 19,933 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Mastercard were worth $255,619,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Mastercard by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after buying an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Mastercard in the 2nd quarter worth about $11,421,213,000. Price T Rowe Associates Inc. MD increased its holdings in Mastercard by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after buying an additional 907,184 shares in the last quarter. Wellington Management Group LLP increased its holdings in Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Mastercard in the 1st quarter worth about $4,238,764,000. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Down 1.4%

MA stock opened at $556.80 on Monday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a market cap of $503.35 billion, a P/E ratio of 37.55, a PEG ratio of 2.28 and a beta of 0.97. The business's 50-day moving average price is $581.01 and its 200-day moving average price is $562.90.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same period in the previous year, the firm earned $3.50 EPS. The business's quarterly revenue was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard's payout ratio is presently 20.50%.

Analyst Ratings Changes

Several equities research analysts recently commented on MA shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a report on Friday, August 1st. KeyCorp boosted their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Morgan Stanley boosted their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their price target on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Finally, Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Mastercard presently has an average rating of "Buy" and an average target price of $634.04.

Mastercard Company 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.

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