Oppenheimer & Co. Inc. Sells 123 Shares of Mastercard Incorporated (NYSE:MA)

Oppenheimer & Co. Inc. reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 0.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 47,236 shares of the credit services provider’s stock after selling 123 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mastercard were worth $23,325,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. China Universal Asset Management Co. Ltd. increased its holdings in Mastercard by 46.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock worth $7,120,000 after purchasing an additional 4,685 shares in the last quarter. TBH Global Asset Management LLC grew its holdings in shares of Mastercard by 9.0% in the first quarter. TBH Global Asset Management LLC now owns 20,364 shares of the credit services provider’s stock valued at $9,807,000 after acquiring an additional 1,676 shares in the last quarter. Landaas & Co. WI ADV bought a new position in shares of Mastercard in the first quarter valued at approximately $220,000. Wealthquest Corp grew its holdings in shares of Mastercard by 22.3% in the first quarter. Wealthquest Corp now owns 630 shares of the credit services provider’s stock valued at $303,000 after acquiring an additional 115 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in shares of Mastercard by 8.1% in the first quarter. Kingsview Wealth Management LLC now owns 56,273 shares of the credit services provider’s stock valued at $27,099,000 after acquiring an additional 4,222 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated 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 sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s 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 directly owns 17,118 shares in the company, valued at $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. The trade was 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 over the last 90 days. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MA shares. Mizuho upped their target price on Mastercard from $496.00 to $532.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Citigroup upped their target price on Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. KeyCorp increased their price objective on Mastercard from $515.00 to $580.00 and gave the company an “overweight” rating in a report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and set a $520.00 price objective on shares of Mastercard in a report on Wednesday, August 14th. Finally, Piper Sandler reissued an “overweight” rating and set a $565.00 price objective (up from $536.00) on shares of Mastercard in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $540.17.

Mastercard Price Performance

Shares of MA stock traded down $6.58 on Wednesday, reaching $522.59. The company’s stock had a trading volume of 329,422 shares, compared to its average volume of 2,440,908. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard Incorporated has a 12-month low of $394.76 and a 12-month high of $534.03. The company has a market capitalization of $479.65 billion, a P/E ratio of 39.55, a PEG ratio of 2.32 and a beta of 1.10. The stock’s 50 day simple moving average is $501.55 and its 200-day simple moving average is $469.88.

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

Mastercard Dividend Announcement

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