Mastercard Incorporated (NYSE:MA) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC decreased its position in Mastercard Incorporated (NYSE:MA - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,270 shares of the credit services provider's stock after selling 4,420 shares during the period. Mastercard accounts for approximately 0.5% of Perigon Wealth Management LLC's investment portfolio, making the stock its 29th largest position. Perigon Wealth Management LLC's holdings in Mastercard were worth $20,379,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Mastercard by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 75,584,606 shares of the credit services provider's stock valued at $36,399,279,000 after buying an additional 330,872 shares during the period. Capital Research Global Investors grew its stake in shares of Mastercard by 0.3% in the 1st quarter. Capital Research Global Investors now owns 13,651,904 shares of the credit services provider's stock valued at $6,574,347,000 after buying an additional 43,881 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Mastercard by 1.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,082,729 shares of the credit services provider's stock worth $2,241,297,000 after purchasing an additional 71,569 shares during the period. Canada Pension Plan Investment Board boosted its position in shares of Mastercard by 2.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,327,168 shares of the credit services provider's stock worth $1,908,973,000 after purchasing an additional 113,238 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Mastercard by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 4,250,760 shares of the credit services provider's stock worth $1,875,266,000 after purchasing an additional 38,380 shares during the period. Hedge funds and other institutional investors own 97.28% of the company's stock.

Mastercard Stock Performance

MA traded down $0.16 during trading on Thursday, reaching $513.91. The company's stock had a trading volume of 2,227,413 shares, compared to its average volume of 2,442,084. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $517.04. The company's fifty day moving average price is $485.71 and its 200-day moving average price is $463.95. The company has a market capitalization of $477.74 billion, a price-to-earnings ratio of 40.85, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.14 and a current ratio of 1.14.

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

Mastercard Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard's dividend payout ratio (DPR) is 20.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MA shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $520.00 price objective on shares of Mastercard in a research report on Wednesday, August 14th. Barclays increased their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Bank of America increased their price objective on shares of Mastercard from $480.00 to $509.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 17th. JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $500.00 to $570.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 20th. Finally, BNP Paribas lowered shares of Mastercard from an "outperform" rating to a "neutral" rating and set a $470.00 target price on the stock. in a report on Tuesday, September 3rd. Four investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $524.64.

Insider Transactions at Mastercard

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares of the company's stock, valued at $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company's stock, valued at approximately $12,423,320. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Mastercard sold 119,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total value of $55,746,740.00. Following the completion of the sale, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock valued at $159,610,703 in the last quarter. 0.10% of the stock is currently owned by corporate insiders.

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.