FRG Family Wealth Advisors LLC Reduces Holdings in Mastercard Incorporated $MA

FRG Family Wealth Advisors LLC lessened its position in shares of Mastercard Incorporated (NYSE:MA) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,119 shares of the credit services provider’s stock after selling 170 shares during the period. FRG Family Wealth Advisors LLC’s holdings in Mastercard were worth $1,191,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MA. Vanguard Group Inc. lifted its holdings in Mastercard by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 77,544,675 shares of the credit services provider’s stock worth $42,503,787,000 after purchasing an additional 365,537 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard during the 2nd quarter worth about $11,421,213,000. Price T Rowe Associates Inc. MD lifted its holdings in Mastercard by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock worth $11,015,557,000 after purchasing an additional 907,184 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Mastercard by 38.6% during the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after purchasing an additional 3,765,378 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Mastercard during the 1st quarter worth about $4,238,764,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $553.89 on Thursday. The business’s 50-day moving average price is $578.08 and its two-hundred day moving average price is $567.52. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The stock has a market cap of $500.72 billion, a P/E ratio of 37.35, a PEG ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter last year, the firm posted $3.50 EPS. The company’s revenue was up 16.8% compared to the same quarter last year. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is 20.50%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MA shares. Truist Financial set a $638.00 price objective on Mastercard in a report on Friday, October 24th. TD Cowen reissued a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target on the stock. Five analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $638.96.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

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.