Drucker Wealth 3.0 LLC Trims Position in Mastercard Incorporated $MA

Key Points

• Drucker Wealth 3.0 LLC has reduced its stake in Mastercard by 22.1%, now holding 2,460 shares valued at approximately $1.39 million.
• Mastercard announced a quarterly dividend of $0.76 per share, with an annualized yield of 0.5%, to be paid on November 7th to shareholders of record on October 9th.
• The company reported a 16.8% year-over-year revenue increase for the last quarter, with earnings per share of $4.15, surpassing analyst expectations.

Drucker Wealth 3.0 LLC lessened its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 22.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,460 shares of the credit services provider's stock after selling 696 shares during the period. Drucker Wealth 3.0 LLC's holdings in Mastercard were worth $1,390,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC increased its stake in Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider's stock worth $394,000 after buying an additional 295 shares during the period. Ethos Financial Group LLC increased its position in Mastercard by 19.5% during the 1st quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider's stock valued at $1,683,000 after purchasing an additional 518 shares during the period. Fortis Advisors LLC increased its position in Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider's stock valued at $477,000 after purchasing an additional 75 shares during the period. Wheelhouse Advisory Group LLC increased its position in Mastercard by 4.4% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider's stock valued at $751,000 after purchasing an additional 56 shares during the period. Finally, Canandaigua National Trust Co of Florida increased its position in Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider's stock valued at $380,000 after purchasing an additional 185 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Down 1.4%

MA stock opened at $556.80 on Friday. The firm has a 50 day moving average of $581.01 and a 200 day moving average of $562.77. The stock has a market capitalization of $503.35 billion, a PE ratio of 37.55, a price-to-earnings-growth 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 52 week low of $465.59 and a 52 week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the business earned $3.50 EPS. Sell-side analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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 paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's payout ratio is presently 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction 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 SEC, which is accessible through the SEC website. Insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MA. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a "buy" rating and a $650.00 target price on the stock. Wall Street Zen downgraded shares of Mastercard from a "buy" rating to a "hold" rating in a research report on Friday, September 26th. Truist Financial cut their target price 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. 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 report on Friday, August 1st. Finally, TD Cowen reissued a "buy" rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Two investment 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 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.