Realta Investment Advisors Sells 5,343 Shares of Mastercard Incorporated (NYSE:MA)

Realta Investment Advisors decreased its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 87.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 775 shares of the credit services provider's stock after selling 5,343 shares during the quarter. Realta Investment Advisors' holdings in Mastercard were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the third quarter worth about $25,000. Palisade Asset Management LLC acquired a new stake in Mastercard during the 1st quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the second quarter valued at approximately $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard in the second quarter valued at approximately $35,000. Finally, Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider's stock worth $43,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $593.00 to $580.00 and set an "overweight" rating on the stock in a research report on Friday. Susquehanna upped their price objective on Mastercard from $540.00 to $605.00 and gave the stock a "positive" rating in a research report on Friday. BNP Paribas downgraded Mastercard from an "outperform" rating to a "neutral" rating and set a $470.00 price objective for the company. in a report on Tuesday, September 3rd. Piper Sandler restated an "overweight" rating and issued a $565.00 target price (up previously from $536.00) on shares of Mastercard in a research note on Friday. Finally, Royal Bank of Canada raised their price target on shares of Mastercard from $500.00 to $526.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $537.92.

Insiders Place Their Bets

In other news, major shareholder Foundation Mastercard sold 119,000 shares of the business's stock in a transaction dated 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 owns 92,033,308 shares of the company's stock, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the sale, the chief financial officer now owns 27,304 shares of the company's stock, valued at $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 119,000 shares of the firm's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $468.46, for a total value of $55,746,740.00. Following the transaction, the insider now owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. This trade represents 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 worth $159,610,703 in the last 90 days. Company insiders own 0.10% of the company's stock.

Mastercard Stock Performance

Shares of NYSE:MA traded up $8.49 on Friday, hitting $508.08. The company had a trading volume of 3,753,713 shares, compared to its average volume of 2,291,134. Mastercard Incorporated has a 1-year low of $378.48 and a 1-year high of $527.90. The stock has a market cap of $469.38 billion, a price-to-earnings ratio of 38.43, a P/E/G ratio of 2.21 and a beta of 1.10. The stock has a 50 day moving average price of $495.77 and a 200 day moving average price of $466.89. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data 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. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. During the same period last year, the business posted $3.39 earnings per share. The business's revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts expect that Mastercard Incorporated will post 14.35 EPS for the current year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Shareholders 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 yield of 0.52%. The ex-dividend date of this dividend is Wednesday, October 9th. Mastercard's dividend payout ratio is 19.97%.

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.