Mastercard Incorporated $MA Shares Sold by Cooper Financial Group

Key Points

• Cooper Financial Group reduced its stake in Mastercard by 13.7%, holding 3,907 shares valued at $2.19 million after selling 618 shares in the latest quarter.
• Mastercard has received varied ratings from analysts, with a consensus rating of "Buy" and a price target of $630.89, despite a downgrade from Wall Street Zen from "buy" to "hold."
• The company's CFO recently sold 17,263 shares for over $10 million, marking a significant decrease in his ownership stake in the firm.

Cooper Financial Group cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 13.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,907 shares of the credit services provider's stock after selling 618 shares during the period. Cooper Financial Group's holdings in Mastercard were worth $2,195,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard during the 1st quarter worth $44,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MA. Wall Street Zen downgraded Mastercard from a "buy" rating to a "hold" rating in a report on Friday, September 26th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. KeyCorp upped their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. TD Cowen reaffirmed a "buy" rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Finally, Truist Financial decreased their price target 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 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $630.89.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm's stock in a transaction that occurred on 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 sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julius Genachowski sold 312 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were 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 in the company, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock worth $20,836,514 in the last 90 days. 0.09% of the stock is owned by company insiders.

Mastercard Stock Performance

Shares of MA stock opened at $569.29 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company's 50-day simple moving average is $579.48 and its 200-day simple moving average is $560.91. The stock has a market capitalization of $514.64 billion, a price-to-earnings ratio of 38.39, a PEG ratio of 2.33 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last released 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 analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard's quarterly revenue 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. Equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard's dividend payout ratio (DPR) is presently 20.50%.

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.

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