Mastercard Incorporated $MA Shares Sold by Global Assets Advisory LLC

Global Assets Advisory LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,509 shares of the credit services provider’s stock after selling 47 shares during the quarter. Global Assets Advisory LLC’s holdings in Mastercard were worth $1,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Congress Asset Management Co. increased its position in shares of Mastercard by 1.3% during the first quarter. Congress Asset Management Co. now owns 32,115 shares of the credit services provider’s stock valued at $17,603,000 after acquiring an additional 421 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Mastercard by 7.2% in the 1st quarter. Sivia Capital Partners LLC now owns 1,960 shares of the credit services provider’s stock valued at $1,074,000 after acquiring an additional 132 shares during the period. Wedmont Private Capital lifted its holdings in shares of Mastercard by 3.9% in the 1st quarter. Wedmont Private Capital now owns 10,777 shares of the credit services provider’s stock worth $5,494,000 after acquiring an additional 409 shares during the last quarter. Finally, Charter Oak Capital Management LLC boosted its position in shares of Mastercard by 11.0% during the 1st quarter. Charter Oak Capital Management LLC now owns 1,114 shares of the credit services provider’s stock worth $611,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.6%

MA stock opened at $581.08 on Monday. The company’s 50 day moving average price is $580.26 and its 200 day moving average price is $562.03. The firm has a market capitalization of $525.30 billion, a price-to-earnings ratio of 39.18, a PEG ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. 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 posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter in the previous year, the business posted $3.50 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Analyst Ratings Changes

MA has been the topic of a number of research reports. Truist Financial decreased their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. Morgan Stanley lifted their target price on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $630.89.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company 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.