Dupont Capital Management Corp Sells 5,966 Shares of Mastercard Incorporated (NYSE:MA)

Dupont Capital Management Corp lessened its position in Mastercard Incorporated (NYSE:MA) by 11.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,757 shares of the credit services provider’s stock after selling 5,966 shares during the quarter. Mastercard makes up about 1.9% of Dupont Capital Management Corp’s portfolio, making the stock its 11th biggest position. Dupont Capital Management Corp’s holdings in Mastercard were worth $22,595,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Palisade Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mastercard in the 2nd quarter valued at about $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard during the 2nd quarter worth about $35,000. Lowe Wealth Advisors LLC raised its holdings in shares of Mastercard by 74.0% in the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 37 shares during the period. Finally, Valued Wealth Advisors LLC grew its holdings in Mastercard by 168.6% during the first quarter. Valued Wealth Advisors LLC now owns 94 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 59 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Trading Down 0.4 %

Shares of Mastercard stock opened at $513.02 on Wednesday. The firm has a market capitalization of $476.91 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The firm’s 50 day moving average is $489.16 and its 200 day moving average is $464.58. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping analysts’ consensus estimates of $3.51 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.85 billion. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. Equities research analysts forecast that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s dividend payout ratio is presently 20.99%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares in the company, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Mastercard news, CFO J. Mehra Sachin sold 13,439 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the completion of the sale, the insider now owns 91,924,308 shares of the company’s stock, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last quarter. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the subject of several research analyst reports. BNP Paribas downgraded Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a research note on Tuesday, September 3rd. Susquehanna raised their target price on shares of Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Barclays upped their price target on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Citigroup raised their price objective on shares of Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, William Blair raised Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $525.68.

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.