Realta Investment Advisors Lowers Stock Holdings in Mastercard Incorporated $MA

Realta Investment Advisors decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 2.8% during the second quarter, Holdings Channel reports. The institutional investor owned 918 shares of the credit services provider’s stock after selling 26 shares during the period. Realta Investment Advisors’ holdings in Mastercard were worth $516,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC lifted its stake in shares of Mastercard by 0.8% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,872 shares of the credit services provider’s stock valued at $3,862,000 after buying an additional 53 shares in the last quarter. Hill Island Financial LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $285,000. BridgePort Financial Solutions LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $235,000. Talbot Financial LLC lifted its stake in shares of Mastercard by 21.1% during the 2nd quarter. Talbot Financial LLC now owns 18,988 shares of the credit services provider’s stock valued at $10,670,000 after buying an additional 3,313 shares in the last quarter. Finally, Yoder Wealth Management Inc. lifted its stake in shares of Mastercard by 10.4% during the 2nd quarter. Yoder Wealth Management Inc. now owns 603 shares of the credit services provider’s stock valued at $339,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

MA has been the topic of a number of analyst reports. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a report on Saturday, September 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Finally, Truist Financial reduced their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $630.89.

Insider Activity

In related news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,391 shares of company stock worth $20,836,514 over the last quarter. 0.09% of the stock is currently owned by insiders.

Mastercard Stock Performance

Mastercard stock opened at $581.08 on Friday. The company’s 50-day moving average price is $580.26 and its 200-day moving average price is $561.85. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a market cap of $525.30 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the firm posted $3.50 EPS. The business’s quarterly revenue was up 16.8% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

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.