MBM Wealth Consultants LLC Sells 26 Shares of Mastercard Incorporated (NYSE:MA)

MBM Wealth Consultants LLC decreased its stake in shares of Mastercard Incorporated (NYSE:MA) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 730 shares of the credit services provider’s stock after selling 26 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Mastercard were worth $322,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. LFA Lugano Financial Advisors SA bought a new position in shares of Mastercard in the 4th quarter worth about $27,000. Hibernia Wealth Partners LLC bought a new stake in Mastercard in the third quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard during the first quarter valued at about $25,000. Barometer Capital Management Inc. bought a new position in shares of Mastercard during the 3rd quarter worth about $36,000. Finally, Mascoma Wealth Management LLC bought a new stake in Mastercard in the 3rd quarter valued at about $38,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Stock Down 0.6 %

Mastercard stock traded down $2.93 during mid-day trading on Friday, hitting $465.38. The company had a trading volume of 2,486,361 shares, compared to its average volume of 2,293,737. The business has a fifty day moving average of $471.81 and a 200 day moving average of $431.90. Mastercard Incorporated has a 1 year low of $357.85 and a 1 year high of $490.00. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market cap of $434.15 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 1.77 and a beta of 1.08.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Wednesday, January 31st. The credit services provider reported $3.18 EPS for the quarter, topping the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the previous year, the company earned $2.65 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 14.35 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Tuesday, April 9th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, April 8th. Mastercard’s payout ratio is 22.32%.

Insider Activity

In related news, major shareholder Foundation Mastercard sold 200 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the sale, the chief executive officer now owns 47,640 shares in the company, valued at $22,672,828.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The disclosure for this sale can be found here. Insiders sold a total of 41,728 shares of company stock valued at $19,479,753 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MA has been the subject of several recent research reports. Mizuho restated a “buy” rating and set a $480.00 price objective on shares of Mastercard in a report on Wednesday, March 27th. Evercore ISI boosted their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. TD Cowen initiated coverage on shares of Mastercard in a report on Thursday. They issued a “buy” rating and a $545.00 price target on the stock. Raymond James lifted their price target on Mastercard from $452.00 to $504.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a report on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.82.

Mastercard 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.