Demars Financial Group LLC Sells 1,018,001 Shares of Mastercard Incorporated $MA

Key Points

• Demars Financial Group LLC has significantly reduced its holdings in Mastercard by selling 1,018,001 shares, representing a 99.8% decrease during the second quarter, leaving them with only 1,987 shares.
• Mastercard's CFO, J. Mehra Sachin, sold 17,263 shares at an average price of $591, resulting in a total transaction of over $10 million, which decreased his ownership by 35.60%.
• Several analysts have consistently raised their price targets for Mastercard, with targets now ranging from $640 to $661, as the stock maintains an average rating of "Buy."

Demars Financial Group LLC lowered its position in Mastercard Incorporated (NYSE:MA - Free Report) by 99.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,987 shares of the credit services provider's stock after selling 1,018,001 shares during the period. Mastercard comprises about 0.4% of Demars Financial Group LLC's investment portfolio, making the stock its 23rd biggest holding. Demars Financial Group LLC's holdings in Mastercard were worth $1,117,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. TRB Advisors LP bought a new stake in Mastercard during the second quarter valued at about $5,619,000. Canvas Wealth Advisors LLC grew its holdings in Mastercard by 2.3% during the second quarter. Canvas Wealth Advisors LLC now owns 1,666 shares of the credit services provider's stock valued at $947,000 after purchasing an additional 38 shares during the period. Princeton Global Asset Management LLC grew its holdings in Mastercard by 81.9% during the second quarter. Princeton Global Asset Management LLC now owns 191 shares of the credit services provider's stock valued at $107,000 after purchasing an additional 86 shares during the period. Schnieders Capital Management LLC grew its holdings in Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC now owns 2,548 shares of the credit services provider's stock valued at $1,432,000 after purchasing an additional 200 shares during the period. Finally, Lyell Wealth Management LP grew its holdings in Mastercard by 11.4% during the second quarter. Lyell Wealth Management LP now owns 18,866 shares of the credit services provider's stock valued at $10,602,000 after purchasing an additional 1,926 shares during the period. Institutional investors own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company'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 transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MA shares. Robert W. Baird boosted their price target on Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a report on Monday, October 6th. Wells Fargo & Company boosted their price objective on Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. KeyCorp boosted their price objective on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $634.04.

Mastercard Price Performance

NYSE:MA opened at $561.42 on Monday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $507.53 billion, a P/E ratio of 37.86, a P/E/G ratio of 2.30 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The business's 50-day moving average is $580.22 and its 200 day moving average is $563.50.

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, topping analysts' consensus estimates 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 period in the previous year, the business earned $3.50 earnings per share. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given 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 payout ratio is currently 20.50%.

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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