Mastercard Incorporated (NYSE:MA) Shares Sold by Centennial Wealth Advisory LLC

Centennial Wealth Advisory LLC trimmed its stake in shares of Mastercard Incorporated (NYSE:MA) by 25.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 454 shares of the credit services provider’s stock after selling 153 shares during the quarter. Centennial Wealth Advisory LLC’s holdings in Mastercard were worth $224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new position in shares of Mastercard in the third quarter valued at approximately $25,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Mastercard in the 2nd quarter worth about $34,000. Fairway Wealth LLC purchased a new position in Mastercard in the 2nd quarter valued at about $35,000. Lowe Wealth Advisors LLC lifted its holdings in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the period. Finally, VitalStone Financial LLC increased its position in Mastercard by 55.0% during the 1st quarter. VitalStone Financial LLC now owns 93 shares of the credit services provider’s stock worth $45,000 after purchasing an additional 33 shares in the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MA has been the topic of a number of research analyst reports. Compass Point assumed coverage on Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 target price on the stock. Barclays upped their target price on Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Macquarie upped their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Mizuho increased their target price on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets restated an “outperform” rating and set a $520.00 target price on shares of Mastercard in a report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $540.17.

Insider Activity at Mastercard

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction dated Friday, September 13th. The shares were 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 in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction on 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 of the company’s stock, valued at approximately $42,970,017,774.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total transaction of $2,310,173.50. Following the completion of the transaction, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 327,370 shares of company stock valued at $153,495,958 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Price Performance

Mastercard stock traded up $15.72 during mid-day trading on Wednesday, hitting $521.28. The stock had a trading volume of 238,110 shares, compared to its average volume of 2,437,107. The firm has a market capitalization of $481.58 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.23 and a beta of 1.10. 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 firm’s 50 day moving average is $497.12 and its 200 day moving average is $467.65. Mastercard Incorporated has a one year low of $384.30 and a one year high of $527.90.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.39 earnings per share. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.4 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 8th. Investors of record on Wednesday, October 9th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

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.