Calamos Advisors LLC Sells 26,326 Shares of Mastercard Incorporated $MA

Key Points

• Calamos Advisors LLC reduced its stake in Mastercard by 9.7%, selling 26,326 shares, which now accounts for approximately 0.5% of its investment portfolio.
• Mastercard recently declared a quarterly dividend of $0.76 per share, representing an annualized payout of $3.04 and a dividend yield of 0.5%.
• The company's CFO sold 17,263 shares at an average price of $591.00, resulting in a 35.60% decrease in their ownership position.

Calamos Advisors LLC cut its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,403 shares of the credit services provider's stock after selling 26,326 shares during the quarter. Mastercard makes up approximately 0.5% of Calamos Advisors LLC's investment portfolio, making the stock its 28th largest holding. Calamos Advisors LLC's holdings in Mastercard were worth $138,464,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC increased its position in Mastercard by 73.2% during the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider's stock worth $394,000 after acquiring an additional 295 shares during the period. Ethos Financial Group LLC increased its position in Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock worth $1,683,000 after acquiring an additional 518 shares during the period. Fortis Advisors LLC increased its position in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock worth $477,000 after acquiring an additional 75 shares during the period. Wheelhouse Advisory Group LLC increased its position in Mastercard by 4.4% during the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider's stock worth $751,000 after acquiring an additional 56 shares during the period. Finally, Canandaigua National Trust Co of Florida increased its position in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock worth $380,000 after acquiring an additional 185 shares during the period. 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 17,263 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company's stock.

Mastercard Trading Down 1.4%

Shares of Mastercard stock opened at $556.80 on Friday. The company has a market capitalization of $503.35 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 2.31 and a beta of 0.97. 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 12-month low of $465.59 and a 12-month high of $601.77. The firm's 50-day moving average price is $581.01 and its two-hundred day moving average price is $562.77.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders 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 dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Morgan Stanley raised their price target on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 price target on the stock. Truist Financial lowered their price target on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Finally, KeyCorp increased their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Mastercard currently has an average rating of "Buy" and a consensus price target 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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