Mastercard Incorporated (NYSE:MA) Shares Sold by Motiv8 Investments LLC

by · The Cerbat Gem

Motiv8 Investments LLC reduced its holdings in Mastercard Incorporated (NYSE:MA – Free Report) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,126 shares of the credit services provider’s stock after selling 45 shares during the quarter. Motiv8 Investments LLC’s holdings in Mastercard were worth $1,166,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Whalerock Point Partners LLC increased its holdings in shares of Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after purchasing an additional 185 shares during the period. Steward Partners Investment Advisory LLC grew its position in Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider’s stock valued at $37,841,000 after buying an additional 1,194 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in Mastercard by 18.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock valued at $3,766,000 after buying an additional 1,047 shares during the period. Baldwin Investment Management LLC raised its position in shares of Mastercard by 5.7% during the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after buying an additional 93 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Mastercard during the 4th quarter worth about $6,022,224,000. Institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, insider Craig Vosburg sold 14,051 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $585.05, for a total value of $8,220,537.55. Following the transaction, the insider now directly owns 58,451 shares of the company’s stock, valued at $34,196,757.55. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of Mastercard stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the sale, the insider now owns 3,255 shares of the company’s stock, valued at approximately $1,887,900. This represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,115 shares of company stock worth $18,324,718. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on MA. Tigress Financial reiterated a “strong-buy” rating on shares of Mastercard in a research note on Monday, March 10th. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They set a “buy” rating and a $640.00 price target for the company. Macquarie dropped their price objective on Mastercard from $645.00 to $610.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $610.00.

Read Our Latest Stock Analysis on MA

Mastercard Price Performance

MA opened at $550.02 on Thursday. The firm has a market capitalization of $501.46 billion, a P/E ratio of 38.57, a PEG ratio of 2.43 and a beta of 1.05. The stock has a fifty day moving average of $561.86 and a 200-day moving average of $545.04. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a 12-month low of $428.86 and a 12-month high of $594.71.

Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the firm earned $3.31 earnings per share. Mastercard’s quarterly revenue was up 14.2% on a year-over-year basis. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 21.32%.

Mastercard Company Profile

(Free Report)

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.

See Also

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