Mastercard Incorporated $MA Shares Sold by SRN Advisors LLC

Key Points

• SRN Advisors LLC reduced its stake in Mastercard by 20.3%, selling 1,141 shares and maintaining ownership of 4,478 shares, worth approximately $2.45 million.
• Institutional investors own 97.28% of Mastercard's stock, with notable increases in holdings this quarter from firms like GAMMA Investing, which grew its stake by 65,631.5%.
• Mastercard reported $4.15 EPS in its last earnings announcement, exceeding analysts' estimates and marking a 16.8% year-over-year revenue increase to $8.13 billion.

SRN Advisors LLC decreased its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,478 shares of the credit services provider's stock after selling 1,141 shares during the quarter. Mastercard accounts for about 2.7% of SRN Advisors LLC's investment portfolio, making the stock its 3rd largest position. SRN Advisors LLC's holdings in Mastercard were worth $2,454,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC purchased a new position in Mastercard during the 1st quarter worth approximately $31,000. Measured Risk Portfolios Inc. purchased a new position in Mastercard during the 4th quarter worth approximately $31,000. 10Elms LLP purchased a new position in Mastercard during the 4th quarter worth approximately $33,000. Hughes Financial Services LLC purchased a new position in Mastercard during the 1st quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Mastercard during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Upgrades and Downgrades

MA has been the topic of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research report on Friday, June 6th. Truist Financial lowered their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating on the stock in a research report on Thursday, July 17th. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. TD Cowen reissued a "buy" rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research note on Thursday, July 17th. They set a "buy" rating and a $650.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Mastercard has an average rating of "Moderate Buy" and a consensus price target of $626.54.

Mastercard Stock Down 0.0%

Shares of MA stock traded down $0.21 on Thursday, hitting $593.07. The company's stock had a trading volume of 554,317 shares, compared to its average volume of 2,772,881. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm's fifty day moving average price is $570.99 and its 200-day moving average price is $557.28. The stock has a market capitalization of $536.15 billion, a price-to-earnings ratio of 39.95, a P/E/G ratio of 2.44 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the business earned $3.50 EPS. Mastercard's quarterly revenue was up 16.8% compared to the same quarter last year. Research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, July 9th. Mastercard's payout ratio is presently 20.50%.

Insiders Place Their Bets

In other Mastercard news, Director Julius Genachowski sold 312 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the completion of the transaction, the director owned 8,469 shares of the company's stock, valued at $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO J. Mehra Sachin sold 17,263 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company's stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 59,481 shares of company stock worth $32,616,595 in the last 90 days. 0.09% of the stock is owned by corporate insiders.

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.