Mastercard Incorporated (NYSE:MA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in Mastercard Incorporated (NYSE:MA) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 517,199 shares of the credit services provider’s stock after selling 6,494 shares during the period. Victory Capital Management Inc. owned 0.06% of Mastercard worth $255,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldstein Advisors LLC lifted its holdings in shares of Mastercard by 1.3% in the 3rd quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider’s stock worth $749,000 after purchasing an additional 20 shares in the last quarter. McLean Asset Management Corp boosted its stake in Mastercard by 1.3% during the 3rd quarter. McLean Asset Management Corp now owns 1,677 shares of the credit services provider’s stock valued at $834,000 after purchasing an additional 21 shares during the last quarter. Oldfather Financial Services LLC increased its holdings in Mastercard by 2.6% during the 3rd quarter. Oldfather Financial Services LLC now owns 827 shares of the credit services provider’s stock worth $408,000 after purchasing an additional 21 shares in the last quarter. Transcendent Capital Group LLC lifted its holdings in shares of Mastercard by 4.8% in the third quarter. Transcendent Capital Group LLC now owns 455 shares of the credit services provider’s stock valued at $225,000 after purchasing an additional 21 shares in the last quarter. Finally, Guerra Pan Advisors LLC boosted its position in shares of Mastercard by 1.7% during the third quarter. Guerra Pan Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $605,000 after buying an additional 21 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on MA shares. Argus raised Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. William Blair upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, July 31st. Morgan Stanley boosted their price target on shares of Mastercard from $540.00 to $544.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Piper Sandler reiterated an “overweight” rating and issued a $565.00 price objective (up previously from $536.00) on shares of Mastercard in a research note on Friday, November 1st. Finally, KeyCorp increased their price target on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Mastercard presently has an average rating of “Moderate Buy” and an average price target of $540.17.

Mastercard Price Performance

Shares of NYSE MA traded up $0.51 during midday trading on Tuesday, hitting $530.63. 534,645 shares of the company’s stock were exchanged, compared to its average volume of 2,441,829. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The business’s fifty day moving average price is $500.61 and its two-hundred day moving average price is $469.41. The company has a market cap of $487.03 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 2.30 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $393.02 and a 12-month high of $534.03.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter last year, the business posted $3.39 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. As a group, research analysts forecast that Mastercard Incorporated will post 14.45 EPS for the current fiscal year.

Mastercard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Wednesday, October 9th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Wednesday, October 9th. Mastercard’s dividend payout ratio is currently 19.97%.

Insider Buying and Selling

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the stock in a transaction dated Monday, August 19th. The stock was 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 directly owns 91,924,308 shares in the company, valued at $42,970,017,774.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, 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 directly owns 91,924,308 shares in the company, valued at approximately $42,970,017,774.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 327,370 shares of company stock worth $153,495,958 in the last 90 days. 0.10% of the stock is owned by company insiders.

Mastercard 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.