Mastercard Incorporated $MA Stake Lowered by Broderick Brian C

Key Points

• Broderick Brian C has reduced its stake in Mastercard by 5.4%, now holding 36,762 shares worth approximately $20.66 million, marking Mastercard as its 5th biggest holding.
• Mastercard reported a 16.8% increase in revenue year-over-year for the last quarter, achieving $8.13 billion against analysts' expectations of $7.95 billion.
• The company has recently declared a quarterly dividend of $0.76 per share, with an annualized dividend yield of 0.5%, set to be paid on November 7th.

Broderick Brian C trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,762 shares of the credit services provider's stock after selling 2,099 shares during the period. Mastercard comprises approximately 4.1% of Broderick Brian C's portfolio, making the stock its 5th biggest holding. Broderick Brian C's holdings in Mastercard were worth $20,658,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Accredited Investors Inc. grew its stake in Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after acquiring an additional 18 shares during the period. Wealthstream Advisors Inc. raised its position in shares of Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after purchasing an additional 18 shares during the period. Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% during the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after purchasing an additional 19 shares in the last quarter. Alta Wealth Advisors LLC grew its position in shares of Mastercard by 3.6% in the 1st quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider's stock valued at $296,000 after purchasing an additional 19 shares during the period. Finally, May Hill Capital LLC increased its stake in Mastercard by 2.0% during the 1st quarter. May Hill Capital LLC now owns 986 shares of the credit services provider's stock worth $540,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $18,330,922.26. The trade was a 36.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of MA opened at $579.24 on Wednesday. The stock has a market capitalization of $523.64 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 2.37 and a beta of 0.97. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The firm has a fifty day simple moving average of $580.78 and a 200 day simple moving average of $562.45. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41.

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. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same period in the previous year, the firm posted $3.50 EPS. The company's revenue for the quarter was up 16.8% on a year-over-year basis. Research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on MA. Wells Fargo & Company raised their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Royal Bank Of Canada boosted their price objective on shares of Mastercard from $650.00 to $656.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mastercard in a research note on Saturday, September 27th. Finally, KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $634.04.

About Mastercard

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.