Brandywine Oak Private Wealth LLC Trims Stock Holdings in Mastercard Incorporated $MA

Brandywine Oak Private Wealth LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 5.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,833 shares of the credit services provider’s stock after selling 151 shares during the period. Brandywine Oak Private Wealth LLC’s holdings in Mastercard were worth $1,592,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $27,000. Keystone Global Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $31,000. Hughes Financial Services LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $34,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Mastercard during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm’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 value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MA. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. TD Cowen reissued a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Wells Fargo & Company raised their price objective on Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada raised their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $634.04.

Mastercard Stock Performance

NYSE MA opened at $563.77 on Friday. The company has a market cap 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 stock’s 50 day simple moving average is $581.06 and its 200-day simple moving average is $562.68. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. 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 (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion for 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 quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. As a group, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) 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.