OneAscent Financial Services LLC Decreases Position in Mastercard Incorporated (NYSE:MA)

OneAscent Financial Services LLC lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,356 shares of the credit services provider’s stock after selling 144 shares during the period. OneAscent Financial Services LLC’s holdings in Mastercard were worth $1,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the 4th quarter valued at $26,000. VitalStone Financial LLC increased its position in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in shares of Mastercard in the 4th quarter valued at $27,000. Westend Capital Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Finally, Scarborough Advisors LLC acquired a new stake in Mastercard during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Transactions at Mastercard

In other news, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares in the company, valued at approximately $26,362,683.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Sandra A. Arkell sold 300 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares in the company, valued at approximately $1,817,095.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Insiders sold 3,163,228 shares of company stock worth $1,428,540,870 in the last 90 days. Insiders own 0.10% of the company’s stock.

Mastercard Price Performance

MA traded down $1.59 during trading on Friday, reaching $441.16. The company’s stock had a trading volume of 4,105,179 shares, compared to its average volume of 2,467,253. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a fifty day simple moving average of $451.50 and a two-hundred day simple moving average of $452.88. Mastercard Incorporated has a 1 year low of $359.77 and a 1 year high of $490.00. The company has a market cap of $410.11 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 1.73 and a beta of 1.09.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same period last year, the company posted $2.80 EPS. The business’s revenue was up 10.4% on a year-over-year basis. As a group, analysts anticipate that Mastercard Incorporated will post 14.26 EPS for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Mizuho cut their price target on Mastercard from $480.00 to $478.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Wells Fargo & Company increased their price target on Mastercard from $490.00 to $530.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Barclays cut their price target on Mastercard from $549.00 to $530.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. Susquehanna reaffirmed a “positive” rating and set a $535.00 price target on shares of Mastercard in a research report on Wednesday, April 3rd. Finally, TD Cowen assumed coverage on Mastercard in a research report on Thursday, April 11th. They set a “buy” rating and a $545.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $496.91.

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.