Moody Lynn & Lieberson LLC Sells 2,928 Shares of Mastercard Incorporated (NYSE:MA)

Moody Lynn & Lieberson LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,848 shares of the credit services provider’s stock after selling 2,928 shares during the period. Mastercard accounts for about 2.3% of Moody Lynn & Lieberson LLC’s holdings, making the stock its 12th biggest position. Moody Lynn & Lieberson LLC’s holdings in Mastercard were worth $37,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tectonic Advisors LLC boosted its holdings in Mastercard by 0.8% in the third quarter. Tectonic Advisors LLC now owns 4,225 shares of the credit services provider’s stock worth $2,086,000 after acquiring an additional 34 shares in the last quarter. Spirit of America Management Corp NY boosted its holdings in Mastercard by 2.1% in the third quarter. Spirit of America Management Corp NY now owns 2,450 shares of the credit services provider’s stock worth $1,210,000 after acquiring an additional 50 shares in the last quarter. Dakota Wealth Management raised its stake in shares of Mastercard by 1.1% in the third quarter. Dakota Wealth Management now owns 12,695 shares of the credit services provider’s stock worth $6,269,000 after purchasing an additional 132 shares during the last quarter. Zweig DiMenna Associates LLC raised its stake in shares of Mastercard by 118.5% in the third quarter. Zweig DiMenna Associates LLC now owns 21,850 shares of the credit services provider’s stock worth $10,790,000 after purchasing an additional 11,850 shares during the last quarter. Finally, Woodard & Co. Asset Management Group Inc. ADV raised its stake in shares of Mastercard by 6.5% in the third quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 7,402 shares of the credit services provider’s stock worth $3,655,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MA shares. Bank of America increased their price objective on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Oppenheimer started coverage on Mastercard in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective for the company. Citigroup increased their price objective on Mastercard from $528.00 to $538.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Piper Sandler increased their price objective on Mastercard from $531.00 to $536.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price objective on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a research note on Monday. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $525.68.

Insider Transactions at Mastercard

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’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 completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total value of $42,192,000.00. Following the sale, the insider now directly owns 91,649,308 shares of the company’s stock, valued at $42,965,195,590.40. 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 three months. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $510.48 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day simple moving average of $490.23 and a two-hundred day simple moving average of $464.93. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $518.82. The company has a market capitalization of $474.55 billion, a P/E ratio of 40.58, a P/E/G ratio of 2.22 and a beta of 1.10.

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

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard’s payout ratio is currently 20.99%.

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.