Mastercard Incorporated $MA Holdings Cut by Parallel Advisors LLC

Parallel Advisors LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 2.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,309 shares of the credit services provider’s stock after selling 1,002 shares during the period. Parallel Advisors LLC’s holdings in Mastercard were worth $20,141,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in MA. J. Stern & Co. LLP boosted its position in Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock valued at $41,444,231,000 after purchasing an additional 72,461,743 shares during the period. Norges Bank bought a new stake in Mastercard in the fourth quarter valued at $6,705,708,000. Cardano Risk Management B.V. boosted its holdings in shares of Mastercard by 861.6% during the fourth quarter. Cardano Risk Management B.V. now owns 4,072,210 shares of the credit services provider’s stock valued at $2,324,743,000 after acquiring an additional 3,648,748 shares during the period. State Street Corp boosted its holdings in shares of Mastercard by 2.8% during the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the period. Finally, Cibc World Markets Corp bought a new position in shares of Mastercard during the fourth quarter worth about $497,311,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Loop Capital reiterated a “buy” rating and issued a $631.00 price objective on shares of Mastercard in a research report on Wednesday, June 3rd. Truist Financial decreased their target price on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. BMO Capital Markets started coverage on shares of Mastercard in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $605.00 price target on the stock. Weiss Ratings downgraded Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Eight equities research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $653.92.

Insider Activity at Mastercard

In other news, insider Raj Seshadri sold 1,977 shares of Mastercard stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $529.73, for a total transaction of $1,047,276.21. Following the transaction, the insider directly owned 16,429 shares in the company, valued at approximately $8,702,934.17. This trade represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sandra A. Arkell sold 200 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the completion of the sale, the insider directly owned 3,322 shares in the company, valued at $1,793,880. This represents a 5.68% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 7,005 shares of company stock worth $3,689,976. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of MA opened at $543.55 on Monday. The firm has a market capitalization of $480.27 billion, a PE ratio of 31.46, a P/E/G ratio of 1.70 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a 50-day moving average price of $503.99 and a 200 day moving average price of $515.80. Mastercard Incorporated has a 52-week low of $464.52 and a 52-week high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 EPS for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. Mastercard’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.73 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 19.62 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.14%.

Mastercard Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.