Alta Capital Management LLC Sells 2,534 Shares of Mastercard Incorporated $MA

Key Points

• Alta Capital Management LLC has reduced its stake in Mastercard by 2.5%, selling 2,534 shares in the latest quarter, now holding 100,294 shares worth $56.36 million.
• Mastercard recently announced a quarterly dividend of $0.76 per share, with an annualized dividend yield of 0.5% and a payout ratio of 20.50%.
• The stock currently has a consensus rating of "Buy" among analysts, with an average price target of $634.04, indicating positive expectations for future performance.

Alta Capital Management LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,294 shares of the credit services provider's stock after selling 2,534 shares during the quarter. Mastercard makes up about 3.2% of Alta Capital Management LLC's portfolio, making the stock its 10th biggest holding. Alta Capital Management LLC's holdings in Mastercard were worth $56,359,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MA. Accredited Investors Inc. grew its holdings in Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after buying an additional 18 shares during the period. Wealthstream Advisors Inc. lifted its stake in shares of Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after purchasing an additional 18 shares in the last quarter. KRS Capital Management LLC lifted its stake in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider's stock valued at $1,601,000 after purchasing an additional 18 shares in the last quarter. Pinion Investment Advisors LLC lifted its stake in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider's stock valued at $1,276,000 after purchasing an additional 18 shares in the last quarter. Finally, Phillips Wealth Planners LLC lifted its stake in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Mastercard Price Performance

MA stock opened at $563.30 on Thursday. 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 Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock's 50 day moving average is $580.71 and its two-hundred day moving average is $563.06. The company has a market capitalization of $509.23 billion, a PE ratio of 37.98, a P/E/G ratio of 2.33 and a beta of 0.97.

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 (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the business earned $3.50 EPS. Mastercard's revenue for the quarter was up 16.8% compared to the same quarter last year. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Robert W. Baird lifted their price objective on Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. TD Cowen reissued a "buy" rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Finally, Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Mastercard has a consensus rating of "Buy" and an average price target of $634.04.

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.

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