Global Assets Advisory LLC Lowers Position in Mastercard Incorporated $MA

Global Assets Advisory LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Grimes & Company Inc. grew its position in Mastercard by 1.6% during the second quarter. Grimes & Company Inc. now owns 11,889 shares of the credit services provider’s stock valued at $6,681,000 after buying an additional 192 shares during the period. Three Bridge Wealth Advisors LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth about $264,000. Merit Financial Group LLC grew its position in shares of Mastercard by 22.3% during the 2nd quarter. Merit Financial Group LLC now owns 31,120 shares of the credit services provider’s stock valued at $17,488,000 after acquiring an additional 5,681 shares during the period. Beacon Financial Advisory LLC increased its stake in shares of Mastercard by 19.9% in the 2nd quarter. Beacon Financial Advisory LLC now owns 561 shares of the credit services provider’s stock valued at $315,000 after purchasing an additional 93 shares in the last quarter. Finally, Simplicity Wealth LLC raised its holdings in Mastercard by 110.6% in the 2nd quarter. Simplicity Wealth LLC now owns 12,645 shares of the credit services provider’s stock worth $7,106,000 after purchasing an additional 6,641 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Stock Performance

MA opened at $581.08 on Monday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The firm has a market capitalization of $525.30 billion, a PE ratio of 39.18, a PEG ratio of 2.38 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm’s 50-day moving average price is $580.26 and its 200 day moving average price is $562.03.

Mastercard (NYSE:MA) last released 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. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s revenue was up 16.8% on a year-over-year basis. During the same period last year, the company posted $3.50 EPS. As a group, sell-side analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. 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%.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MA. Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. KeyCorp lifted their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Finally, Wells Fargo & Company raised their price target on shares of Mastercard from $625.00 to $650.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $630.89.

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.