Mastercard Incorporated $MA Shares Sold by Wilmington Savings Fund Society FSB

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Mastercard by 4.7% in the 2nd quarter, owning 72,867 shares after selling 3,620 shares, now worth approximately $40.9 million.
• Mastercard recently reported earnings of $4.15 per share for the quarter, exceeding estimates and showing a revenue increase of 16.8% year-over-year.
• The company declared a quarterly dividend of $0.76 per share, with a dividend yield of 0.5%, set to be paid on November 7th.

Wilmington Savings Fund Society FSB decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,867 shares of the credit services provider's stock after selling 3,620 shares during the quarter. Mastercard accounts for about 0.7% of Wilmington Savings Fund Society FSB's holdings, making the stock its 24th biggest holding. Wilmington Savings Fund Society FSB's holdings in Mastercard were worth $40,947,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC purchased a new position in Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the first quarter valued at $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the first quarter valued at $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard in the first quarter valued at $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in Mastercard in the first quarter valued at $44,000. 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 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 $505.24 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.28 and a beta of 0.97. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The business's 50 day moving average is $580.79 and its two-hundred day moving average is $563.03.

Mastercard (NYSE:MA - Get Free Report) last issued its earnings results 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 return on equity of 200.01% and a net margin of 44.93%.The firm's revenue for the quarter was up 16.8% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. Analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm's 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 directly owned 31,234 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

MA has been the subject of several research reports. KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Morgan Stanley boosted their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, August 1st. Truist Financial cut their target price on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $634.04.

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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