CMH Wealth Management LLC Decreases Stock Holdings in Mastercard Incorporated (NYSE:MA)

CMH Wealth Management LLC trimmed its holdings in Mastercard Incorporated (NYSE:MAGet Rating) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,825 shares of the credit services provider’s stock after selling 204 shares during the quarter. CMH Wealth Management LLC’s holdings in Mastercard were worth $3,415,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MA. PrairieView Partners LLC raised its position in shares of Mastercard by 58.2% during the 1st quarter. PrairieView Partners LLC now owns 87 shares of the credit services provider’s stock valued at $31,000 after buying an additional 32 shares during the period. Cordant Inc. purchased a new stake in shares of Mastercard during the 1st quarter valued at approximately $32,000. Western Pacific Wealth Management LP purchased a new stake in shares of Mastercard during the 4th quarter valued at approximately $39,000. Joseph P. Lucia & Associates LLC purchased a new stake in Mastercard in the first quarter valued at approximately $44,000. Finally, American National Bank purchased a new stake in Mastercard in the first quarter valued at approximately $46,000. 75.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Macquarie cut their target price on Mastercard from $440.00 to $410.00 in a research report on Friday, July 29th. Tigress Financial restated a “buy” rating and issued a $472.00 price target on shares of Mastercard in a research note on Friday, July 15th. Mizuho boosted their price target on shares of Mastercard from $375.00 to $385.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Morgan Stanley boosted their price target on shares of Mastercard from $452.00 to $457.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Finally, Robert W. Baird dropped their price target on shares of Mastercard from $470.00 to $416.00 in a research note on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $414.09.

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 5,000 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $360.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief financial officer now directly owns 15,723 shares of the company’s stock, valued at $5,660,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of NYSE:MA traded down $7.55 on Friday, reaching $290.81. The company’s stock had a trading volume of 124,688 shares, compared to its average volume of 2,266,435. The stock’s 50-day moving average is $338.13 and its two-hundred day moving average is $340.44. Mastercard Incorporated has a 52-week low of $296.59 and a 52-week high of $399.92. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $281.03 billion, a P/E ratio of 29.60, a PEG ratio of 1.41 and a beta of 1.06.

Mastercard (NYSE:MAGet Rating) last announced its earnings results on Thursday, July 28th. The credit services provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.20. Mastercard had a net margin of 46.49% and a return on equity of 143.35%. The business had revenue of $5.50 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the company earned $1.95 earnings per share. The business’s revenue was up 21.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Incorporated will post 10.63 EPS for the current year.

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 9th. Investors of record on Friday, October 7th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, October 6th. This represents a $1.96 annualized dividend and a yield of 0.67%. Mastercard’s dividend payout ratio is currently 19.86%.

Mastercard Profile

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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 other payment-related products and services.

See Also

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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