Mastercard Incorporated $MA Shares Sold by Naviter Wealth LLC

Key Points

• Naviter Wealth LLC reduced its holdings in Mastercard by 5.7%, now owning 7,841 shares valued at $4.4 million.
• Mastercard reported a net margin of 44.93% and a 16.8% year-over-year revenue increase, with earnings per share of $4.15 for the latest quarter.
• The company announced a quarterly dividend of $0.76 per share, with the ex-dividend date set for October 9th, representing a yield of 0.5%.

Naviter Wealth LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,841 shares of the credit services provider's stock after selling 475 shares during the quarter. Naviter Wealth LLC's holdings in Mastercard were worth $4,406,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MA. Vanguard Group Inc. increased its stake in shares of Mastercard by 0.5% during the first quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider's stock worth $42,503,787,000 after buying an additional 365,537 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Mastercard during the second quarter worth approximately $11,421,213,000. Price T Rowe Associates Inc. MD increased its stake in shares of Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider's stock worth $11,015,557,000 after buying an additional 907,184 shares during the period. Wellington Management Group LLP increased its stake in shares of Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock worth $7,413,936,000 after buying an additional 3,765,378 shares during the period. Finally, Nuveen LLC purchased a new stake in shares of Mastercard during the first quarter worth approximately $4,238,764,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Mastercard Stock Performance

Shares of MA opened at $558.89 on Tuesday. 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 cap of $505.24 billion, a PE ratio of 37.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. The company's 50 day simple moving average is $580.79 and its 200-day simple moving average is $563.03. 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 announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.05 by $0.10. The business 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%. The company's revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently announced 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 dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

MA has been the topic of a number of recent research reports. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Robert W. Baird increased their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Royal Bank Of Canada increased their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $634.04.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade 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. Company insiders own 0.09% of the company's stock.

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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