Mastercard Incorporated (NYSE:MA) Holdings Cut by Royal Capital Wealth Management LLC

Royal Capital Wealth Management LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 0.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,132 shares of the credit services provider’s stock after selling 23 shares during the quarter. Mastercard makes up about 7.0% of Royal Capital Wealth Management LLC’s holdings, making the stock its 2nd largest holding. Royal Capital Wealth Management LLC’s holdings in Mastercard were worth $9,941,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Sarasin & Partners LLP raised its position in Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock valued at $410,813,000 after purchasing an additional 37,486 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Mastercard by 4.8% in the third quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after purchasing an additional 138,842 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock valued at $2,474,151,000 after buying an additional 100,550 shares during the period. SteelPeak Wealth LLC boosted its holdings in Mastercard by 48.6% in the second quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock valued at $2,174,000 after purchasing an additional 1,612 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in Mastercard during the 2nd quarter worth $6,850,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at $7,363,085.66. This represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MA. TD Cowen lifted their price objective on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Macquarie increased their target price on Mastercard from $505.00 to $565.00 and gave the company an “outperform” rating in a report on Friday, November 1st. William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. Piper Sandler reissued an “overweight” rating and set a $575.00 price objective (up previously from $565.00) on shares of Mastercard in a report on Friday, November 15th. Finally, Susquehanna upped their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Price Performance

Mastercard stock opened at $532.94 on Friday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard Incorporated has a one year low of $404.32 and a one year high of $535.77. The company has a market cap of $489.15 billion, a P/E ratio of 40.31, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The business has a fifty day moving average of $510.37 and a two-hundred day moving average of $476.31.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the previous year, the firm earned $3.39 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. As a group, analysts predict that Mastercard Incorporated will post 14.47 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

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.