Legacy Capital Wealth Partners LLC Sells 273 Shares of Mastercard Incorporated (NYSE:MA)

Legacy Capital Wealth Partners LLC lowered its stake in shares of Mastercard Incorporated (NYSE:MA) by 9.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,767 shares of the credit services provider’s stock after selling 273 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Mastercard were worth $1,180,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA purchased a new position in Mastercard during the 4th quarter valued at $27,000. Criterion Capital Advisors LLC purchased a new position in Mastercard during the 4th quarter valued at $33,000. Barometer Capital Management Inc. purchased a new position in Mastercard during the 3rd quarter valued at $36,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in Mastercard by 661.5% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 99 shares of the credit services provider’s stock valued at $39,000 after acquiring an additional 86 shares during the period. Finally, JCIC Asset Management Inc. boosted its holdings in Mastercard by 34.0% during the 4th quarter. JCIC Asset Management Inc. now owns 134 shares of the credit services provider’s stock valued at $57,000 after acquiring an additional 34 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Mastercard stock traded up $0.31 during midday trading on Friday, hitting $462.42. 1,963,273 shares of the company were exchanged, compared to its average volume of 2,212,406. The firm has a market capitalization of $431.39 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. Mastercard Incorporated has a fifty-two week low of $357.85 and a fifty-two week high of $490.00. The business has a fifty day simple moving average of $471.35 and a two-hundred day simple moving average of $436.35. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17.

Mastercard (NYSE:MA) last posted its 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 firm 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 period last year, the company earned $2.65 earnings per share. On average, sell-side analysts forecast that Mastercard Incorporated will post 14.35 earnings per share for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be given a $0.66 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $2.64 annualized dividend and a dividend yield of 0.57%. Mastercard’s dividend payout ratio (DPR) is presently 22.32%.

Analyst Ratings Changes

MA has been the subject of a number of recent analyst reports. TD Cowen initiated coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 price objective for the company. Mizuho reiterated a “buy” rating and issued a $480.00 target price on shares of Mastercard in a report on Wednesday, March 27th. Royal Bank of Canada upped their target price on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. JPMorgan Chase & Co. upped their target price on Mastercard from $504.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Evercore ISI upped their target price on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $490.23.

Insider Activity

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 97,543,308 shares in the company, valued at $47,527,976,823. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Miebach sold 7,851 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $475.92, for a total value of $3,736,447.92. Following the completion of the transaction, the chief executive officer now owns 47,640 shares in the company, valued at approximately $22,672,828.80. The disclosure for this sale can be found here. Insiders have sold a total of 366,630 shares of company stock worth $168,746,490 over the last quarter. 0.13% of the stock is currently owned by corporate insiders.

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.