Freedom Day Solutions LLC Reduces Stock Holdings in Mastercard Incorporated $MA

Freedom Day Solutions LLC lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Callan Family Office LLC boosted its stake in Mastercard by 166.6% during the second quarter. Callan Family Office LLC now owns 35,089 shares of the credit services provider’s stock worth $19,718,000 after buying an additional 21,926 shares during the period. Boomfish Wealth Group LLC boosted its stake in Mastercard by 1.6% during the second quarter. Boomfish Wealth Group LLC now owns 5,493 shares of the credit services provider’s stock worth $3,087,000 after buying an additional 87 shares during the period. Edge Financial Advisors LLC boosted its stake in Mastercard by 5.0% during the second quarter. Edge Financial Advisors LLC now owns 960 shares of the credit services provider’s stock worth $539,000 after buying an additional 46 shares during the period. Leo Wealth LLC boosted its stake in Mastercard by 96.9% during the second quarter. Leo Wealth LLC now owns 8,549 shares of the credit services provider’s stock worth $4,804,000 after buying an additional 4,208 shares during the period. Finally, Armstrong Fleming & Moore Inc purchased a new position in Mastercard during the second quarter worth about $424,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Down 2.2%

Shares of NYSE:MA opened at $563.77 on Friday. The firm’s 50 day moving average price is $581.06 and its 200 day moving average price is $562.68. The stock has a market cap of $509.65 billion, a price-to-earnings ratio of 38.02, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. 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 (NYSE:MA) last issued 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 firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 earnings per share. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a $0.76 dividend. 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 (DPR) is 20.50%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MA shares. Deutsche Bank Aktiengesellschaft started 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. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. KeyCorp increased their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, TD Cowen reissued a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus price target of $634.04.

Mastercard Company 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.