South Street Advisors LLC Sells 1,734 Shares of Mastercard Incorporated (NYSE:MA)

South Street Advisors LLC cut its position in Mastercard Incorporated (NYSE:MA) by 9.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,994 shares of the credit services provider’s stock after selling 1,734 shares during the quarter. South Street Advisors LLC’s holdings in Mastercard were worth $7,898,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MA. Highline Wealth Partners LLC bought a new stake in shares of Mastercard during the 3rd quarter valued at $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mastercard during the 2nd quarter valued at $34,000. First Personal Financial Services bought a new stake in shares of Mastercard during the 3rd quarter valued at $39,000. Fairway Wealth LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at $35,000. Finally, Lowe Wealth Advisors LLC lifted its position 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 valued at $43,000 after acquiring an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction 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 directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This trade represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $467.45, for a total value 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 $42,970,017,774.60. This represents a 0.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,370 shares of company stock worth $97,749,218. Corporate insiders own 0.10% of the company’s stock.

Mastercard Trading Up 0.3 %

Shares of Mastercard stock traded up $1.49 on Friday, hitting $521.89. 2,408,193 shares of the company’s stock traded hands, compared to its average volume of 2,452,135. The company has a fifty day moving average of $504.09 and a two-hundred day moving average of $471.04. The company has a market capitalization of $479.01 billion, a price-to-earnings ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard Incorporated has a one year low of $395.55 and a one year high of $534.03.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for 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 quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.39 earnings per share. As a group, sell-side analysts expect that Mastercard Incorporated will post 14.45 earnings per share for the current year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th were issued a $0.66 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s payout ratio is currently 19.97%.

Analyst Ratings Changes

MA has been the subject of a number of research analyst reports. BMO Capital Markets boosted their price target on Mastercard from $550.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday. Argus raised Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Mizuho boosted their price target on Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Morgan Stanley boosted their price target on Mastercard from $544.00 to $564.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $549.16.

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.