Mastercard Incorporated $MA Shares Sold by Moody Lynn & Lieberson LLC

Key Points

• Moody Lynn & Lieberson LLC reduced its position in Mastercard by 4.5%, selling 3,731 shares during the 2nd quarter, leaving them with 79,576 shares valued at approximately $44.7 million.
• Mastercard's stock price target has recently been adjusted by multiple analysts, with Royal Bank of Canada raising it from $650 to $656 and a consensus target of $630.89 among analysts.
• The company announced a quarterly dividend of $0.76, which will be paid on November 7th, representing an annualized yield of 0.5%.

Moody Lynn & Lieberson LLC reduced its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,576 shares of the credit services provider's stock after selling 3,731 shares during the quarter. Mastercard accounts for approximately 2.6% of Moody Lynn & Lieberson LLC's investment portfolio, making the stock its 12th biggest holding. Moody Lynn & Lieberson LLC's holdings in Mastercard were worth $44,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MA. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard in the 1st quarter worth $27,000. Keystone Global Partners LLC acquired a new position in Mastercard during the first quarter worth $31,000. Hughes Financial Services LLC purchased a new position in Mastercard during the first quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $44,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MA. Royal Bank Of Canada upped their price target on shares of Mastercard from $650.00 to $656.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Truist Financial lowered their price target on Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research note on Thursday, July 17th. Jefferies Financial Group restated a "buy" rating on shares of Mastercard in a report on Friday, June 6th. Seaport Res Ptn raised shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Mastercard has a consensus rating of "Buy" and a consensus price target of $630.89.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Julius Genachowski sold 312 shares of Mastercard 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 sale, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock valued at $20,836,514 over the last quarter. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Down 0.3%

NYSE MA opened at $565.63 on Monday. The business's fifty day simple moving average is $579.00 and its 200-day simple moving average is $560.57. 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 firm has a market cap of $511.34 billion, a PE ratio of 38.14, a P/E/G ratio of 2.32 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard's dividend 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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