Capital Insight Partners LLC Sells 780 Shares of Mastercard Incorporated $MA

Key Points

• Capital Insight Partners LLC reduced its stake in Mastercard by 6.2%, selling 780 shares and bringing its total holdings to 11,863 shares, valued at approximately $6.67 million.
• Wall Street analysts are optimistic about Mastercard's performance, with several firms raising their price targets to between $650 and $660, and maintaining a consensus rating of "Buy."
• Mastercard declared a quarterly dividend of $0.76 per share, translating to an annualized yield of 0.5%, with a payout ratio of 20.50%.

Capital Insight Partners LLC cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 6.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,863 shares of the credit services provider's stock after selling 780 shares during the period. Mastercard comprises approximately 1.2% of Capital Insight Partners LLC's investment portfolio, making the stock its 28th biggest holding. Capital Insight Partners LLC's holdings in Mastercard were worth $6,666,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC bought a new stake in Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Mastercard in the first quarter valued at $44,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MA shares. Royal Bank Of Canada upped their price target 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. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a report on Friday, June 6th. KeyCorp raised their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Wells Fargo & Company upped their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $630.89.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of Mastercard stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the sale, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. This trade represents a 3.55% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 35,391 shares of company stock valued at $20,836,514. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Down 0.3%

Mastercard stock opened at $565.63 on Monday. The company's 50-day moving average price is $579.00 and its two-hundred day moving average price is $560.57. 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 $511.34 billion, a P/E ratio of 38.14, a P/E/G ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

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

Mastercard Announces Dividend

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

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.

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