Mastercard Incorporated $MA Shares Sold by Dupont Capital Management Corp

Key Points

• Dupont Capital Management Corp reduced its stake in Mastercard by 6.8% in Q2, now holding 45,716 shares valued at approximately $25.7 million.
• Mastercard recently reported $4.15 earnings per share, surpassing analyst expectations, with a quarterly revenue of $8.13 billion, an increase of 16.8% compared to last year.
• The company announced a quarterly dividend of $0.76 per share, with the payment scheduled for November 7th, reflecting an annualized yield of 0.5%.

Dupont Capital Management Corp lowered its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 6.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,716 shares of the credit services provider's stock after selling 3,329 shares during the quarter. Mastercard accounts for 2.8% of Dupont Capital Management Corp's holdings, making the stock its 8th biggest position. Dupont Capital Management Corp's holdings in Mastercard were worth $25,690,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MA. Accredited Investors Inc. boosted its holdings in shares of Mastercard by 2.6% in the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after buying an additional 18 shares during the last quarter. Wealthstream Advisors Inc. boosted its holdings in shares of Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock valued at $347,000 after buying an additional 18 shares during the last quarter. Pinion Investment Advisors LLC boosted its holdings in shares of Mastercard by 0.8% in the 2nd quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider's stock valued at $1,276,000 after buying an additional 18 shares during the last quarter. KRS Capital Management LLC boosted its holdings in shares of Mastercard by 0.6% in the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider's stock valued at $1,601,000 after buying an additional 18 shares during the last quarter. Finally, Nvest Financial LLC boosted its holdings in shares of Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider's stock valued at $846,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Up 1.0%

MA stock opened at $566.35 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $511.99 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.30 and a beta of 0.97. The business's fifty day moving average price is $580.07 and its two-hundred day moving average price is $564.03. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last posted 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 return on equity of 200.01% and a net margin of 44.93%.The company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.50 EPS. On average, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

MA has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective for the company. Wolfe Research set a $655.00 price objective on Mastercard in a report on Monday, June 23rd. TD Cowen reaffirmed a "buy" rating and set a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Seaport Res Ptn raised Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, Robert W. Baird raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $634.04.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

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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