Mission Wealth Management LP Lowers Stake in Mastercard Incorporated (NYSE:MA)
Mission Wealth Management LP cut its holdings in Mastercard Incorporated (NYSE:MA) by 5.4% in the third quarter, Holdings Channel reports. The fund owned 3,316 shares of the credit services provider’s stock after selling 188 shares during the quarter. Mission Wealth Management LP’s holdings in Mastercard were worth $1,121,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MA. Silvercrest Asset Management Group LLC lifted its stake in Mastercard by 148.6% in the first quarter. Silvercrest Asset Management Group LLC now owns 6,986 shares of the credit services provider’s stock worth $1,688,000 after acquiring an additional 4,176 shares during the period. Cohen & Steers Inc. lifted its stake in Mastercard by 173.8% in the first quarter. Cohen & Steers Inc. now owns 961 shares of the credit services provider’s stock worth $232,000 after acquiring an additional 610 shares during the period. Independent Family Office LLC bought a new position in Mastercard in the first quarter worth about $362,000. Balyasny Asset Management LLC bought a new position in Mastercard in the first quarter worth about $4,851,000. Finally, CWA Asset Management Group LLC raised its holdings in Mastercard by 24.2% in the first quarter. CWA Asset Management Group LLC now owns 2,580 shares of the credit services provider’s stock worth $623,000 after purchasing an additional 502 shares in the last quarter. 73.72% of the stock is owned by institutional investors.
In other Mastercard news, major shareholder Foundation Mastercard sold 68,670 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $308.54, for a total value of $21,187,441.80. Following the sale, the insider now owns 109,933,814 shares in the company, valued at approximately $33,918,978,971.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $307.29, for a total value of $1,536,450.00. Following the completion of the sale, the director now owns 32,573 shares in the company, valued at approximately $10,009,357.17. The disclosure for this sale can be found here. In the last 90 days, insiders sold 263,465 shares of company stock worth $83,297,010. Insiders own 3.79% of the company’s stock.
Shares of NYSE MA opened at $339.40 on Friday. The business’s 50 day moving average price is $341.23 and its 200 day moving average price is $305.61. The firm has a market cap of $339.76 billion, a P/E ratio of 46.94, a P/E/G ratio of 2.94 and a beta of 1.11. Mastercard Incorporated has a 52 week low of $199.99 and a 52 week high of $367.25. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.92.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.21. Mastercard had a return on equity of 129.52% and a net margin of 45.12%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the firm earned $1.89 earnings per share. Mastercard’s revenue for the quarter was down 19.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 6.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Friday, October 9th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 8th. This represents a $1.60 annualized dividend and a yield of 0.47%. Mastercard’s dividend payout ratio is presently 20.59%.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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