Mastercard Incorporated $MA Stock Position Reduced by KCM Investment Advisors LLC

KCM Investment Advisors LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 22.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,016 shares of the credit services provider’s stock after selling 885 shares during the quarter. KCM Investment Advisors LLC’s holdings in Mastercard were worth $1,695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. LGT Financial Advisors LLC bought a new position in shares of Mastercard in the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard during the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the first quarter worth about $27,000. Keystone Global Partners LLC bought a new position in Mastercard in the first quarter worth about $31,000. Finally, IMG Wealth Management Inc. bought a new position in Mastercard in the second quarter worth about $31,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Down 0.2%

Shares of MA stock opened at $551.98 on Friday. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The firm has a market capitalization of $499.00 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The stock has a fifty day moving average of $572.24 and a two-hundred day moving average of $569.24. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the company earned $3.89 earnings per share. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Macquarie increased their price target on Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Robert W. Baird upped their price objective on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Truist Financial dropped their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. KeyCorp reiterated an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $649.26.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by company insiders.

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.