Infusive Asset Management Inc. Sells 6,567 Shares of Mastercard Incorporated $MA

Key Points

• Infusive Asset Management Inc. reduced its stake in Mastercard by 34.2%, holding 12,623 shares after selling 6,567 shares, making it the firm's 10th biggest position.
• Recent insider transactions included CFO J. Mehra Sachin selling 17,816 shares, leading to a 36.32% decrease in their ownership, while Linda Pistecchia Kirkpatrick sold 959 shares, marking a 3.62% drop in her position.
• Mastercard's stock opened at $594.87, with its market capitalization at $537.77 billion and an estimated 15.91 EPS for the current fiscal year.

Infusive Asset Management Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 34.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,623 shares of the credit services provider's stock after selling 6,567 shares during the quarter. Mastercard accounts for about 3.2% of Infusive Asset Management Inc.'s investment portfolio, making the stock its 10th largest position. Infusive Asset Management Inc.'s holdings in Mastercard were worth $6,919,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MA. Ethos Financial Group LLC grew its holdings in shares of 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 acquiring an additional 518 shares in the last quarter. Fortis Advisors LLC lifted 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 worth $477,000 after acquiring an additional 75 shares during the last quarter. Canandaigua National Trust Co of Florida lifted 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 worth $380,000 after acquiring an additional 185 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider's stock worth $3,766,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its position in Mastercard by 2.8% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 22,640 shares of the credit services provider's stock worth $12,409,000 after acquiring an additional 612 shares during the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mastercard

In other news, insider Craig Vosburg sold 9,428 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $353.05, for a total transaction of $3,328,555.40. Following the sale, the insider directly owned 58,451 shares of the company's stock, valued at $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of the 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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,481 shares of company stock valued at $32,616,595 over the last three months. Insiders own 0.09% of the company's stock.

Mastercard Price Performance

Mastercard stock traded down $11.43 during trading hours on Friday, hitting $584.21. 2,432,106 shares of the stock were exchanged, compared to its average volume of 2,229,058. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $528.13 billion, a P/E ratio of 39.39, a P/E/G ratio of 2.40 and a beta of 0.99. 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 $572.59 and its two-hundred day moving average is $557.48.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for 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%. The company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th were paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's dividend payout ratio is 20.50%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MA shares. UBS Group boosted their target price on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Mastercard from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Finally, Truist Financial cut their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $626.54.

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.