Mastercard Incorporated $MA Shares Sold by Freedom Day Solutions LLC
by Scott Moore · The Cerbat GemFreedom Day Solutions LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA – Free Report) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436 shares of the credit services provider’s stock after selling 42 shares during the quarter. Freedom Day Solutions LLC’s holdings in Mastercard were worth $245,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the second quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard during the first quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the first quarter worth approximately $31,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard during the first quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Mastercard during the first quarter worth approximately $44,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard 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 completion of 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 filing with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Wolfe Research set a $655.00 target price on shares of Mastercard in a research report on Monday, June 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. 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. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $634.04.
Get Our Latest Research Report on MA
Mastercard Trading Down 2.2%
NYSE:MA opened at $563.77 on Friday. The company has a market capitalization of $509.65 billion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock has a fifty day simple moving average of $581.06 and a 200-day simple moving average of $562.68.
Mastercard (NYSE:MA – Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.50 EPS. On average, equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.
Mastercard Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is 20.50%.
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.
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