Mastercard Incorporated $MA Shares Sold by Guyasuta Investment Advisors Inc.

Key Points

• Guyasuta Investment Advisors Inc. reduced its stake in Mastercard (NYSE: MA) by 0.4% to 147,112 shares during the second quarter, representing 5.1% of its portfolio with a value of approximately $82.67 million.
• Director Julius Genachowski and CFO J. Mehra Sachin both sold shares recently, with Sachin selling 17,263 shares valued at over $10 million on September 2nd.
• Mastercard reported a quarterly EPS of $4.15, exceeding estimates, with a revenue of $8.13 billion, marking a 16.8% year-over-year increase.

Guyasuta Investment Advisors Inc. cut its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,112 shares of the credit services provider's stock after selling 522 shares during the quarter. Mastercard accounts for about 5.1% of Guyasuta Investment Advisors Inc.'s investment portfolio, making the stock its 4th largest holding. Guyasuta Investment Advisors Inc.'s holdings in Mastercard were worth $82,668,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after acquiring an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Mastercard during the 2nd quarter worth about $11,421,213,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock valued at $11,015,557,000 after buying an additional 907,184 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after buying an additional 3,765,378 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Mastercard during the 1st quarter valued at about $4,238,764,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the sale, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of the business'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 represents a 35.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,349 shares of company stock worth $21,372,994. Company insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MA shares. KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a report on Thursday, July 17th. Wolfe Research set a $655.00 price target on Mastercard in a report on Monday, June 23rd. Morgan Stanley lifted their price target on Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wall Street Zen lowered Mastercard from a "buy" rating to a "hold" rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Mastercard has an average rating of "Buy" and an average price target of $630.89.

Mastercard Trading Down 0.3%

Shares of MA stock opened at $565.63 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The business's 50 day moving average is $579.00 and its two-hundred day moving average is $560.29. The company has a market cap of $511.34 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 2.32 and a beta of 0.99. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for 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 revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.50 EPS. Equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's payout ratio is currently 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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