Landscape Capital Management L.L.C. Sells 1,652 Shares of Mastercard Incorporated $MA

Key Points

• Landscape Capital Management L.L.C. reduced its stock position in Mastercard by 27.6%, after selling 1,652 shares, leaving them with 4,338 shares worth approximately $2.38 million.
• Insiders have also been selling shares, with notable transactions including CFO J. Mehra Sachin selling 17,816 shares, a reduction of 36.32% in their ownership.
• Mastercard's stock received multiple upgrades this quarter, with analysts maintaining a consensus rating of "Moderate Buy" and a price target of $617.93.

Landscape Capital Management L.L.C. lessened its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,338 shares of the credit services provider's stock after selling 1,652 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Mastercard were worth $2,378,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Keystone Global Partners LLC bought a new position in shares of Mastercard in the first quarter valued at approximately $31,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the 4th quarter worth $31,000. 10Elms LLP acquired a new position in Mastercard in the 4th quarter valued at $33,000. Hughes Financial Services LLC acquired a new position in Mastercard in the 1st quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Mastercard in the 4th quarter worth $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Raj Seshadri sold 1,100 shares of Mastercard stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $546.77, for a total transaction of $601,447.00. Following the sale, the insider owned 12,921 shares in the company, valued at approximately $7,064,815.17. This trade represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,269 shares of company stock worth $30,634,699. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MA has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. KeyCorp boosted their price objective on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen raised Mastercard from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Truist Financial dropped their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. Finally, UBS Group upped their price target on Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $617.93.

Mastercard Stock Performance

MA traded up $5.44 on Monday, hitting $595.92. 2,111,125 shares of the stock traded hands, compared to its average volume of 2,512,600. The business has a fifty day moving average price of $568.38 and a two-hundred day moving average price of $556.57. 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 firm has a market capitalization of $538.71 billion, a PE ratio of 40.18, a P/E/G ratio of 2.44 and a beta of 0.99. 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 announced its quarterly earnings data 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 the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company's quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the company earned $3.50 EPS. On average, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 9th were paid a dividend of $0.76 per share. The ex-dividend date was Wednesday, July 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. 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.