Tectonic Advisors LLC Sells 356 Shares of Mastercard Incorporated $MA

Tectonic Advisors LLC trimmed its stake in Mastercard Incorporated (NYSE:MA) by 7.6% during the 2nd quarter, Holdings Channel reports. The firm owned 4,326 shares of the credit services provider’s stock after selling 356 shares during the quarter. Tectonic Advisors LLC’s holdings in Mastercard were worth $2,431,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard in the second quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard in the first quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the first quarter worth approximately $31,000. Hughes Financial Services LLC purchased a new stake in Mastercard in the first quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC purchased a new stake in Mastercard in the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $576.40 on Thursday. The stock has a fifty day moving average of $581.11 and a 200 day moving average of $562.55. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The firm has a market capitalization of $521.07 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.38 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 announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter last year, the firm posted $3.50 earnings per share. The firm’s revenue was up 16.8% on a year-over-year basis. As a group, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend 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 presently 20.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MA shares. Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research note on Wednesday. Morgan Stanley increased their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research note on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective for the company. Finally, Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus price target of $634.04.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by 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.