Kintegral Advisory LLC Sells 38 Shares of Mastercard Incorporated $MA

Kintegral Advisory LLC reduced its stake in Mastercard Incorporated (NYSE:MA) by 0.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,660 shares of the credit services provider’s stock after selling 38 shares during the quarter. Mastercard comprises about 1.3% of Kintegral Advisory LLC’s portfolio, making the stock its 10th largest holding. Kintegral Advisory LLC’s holdings in Mastercard were worth $13,857,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MA. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard during the second quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC purchased a new position in Mastercard in the 1st quarter worth $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard during the 1st quarter worth about $34,000. Finally, 1 North Wealth Services LLC purchased a new stake in Mastercard during the 1st quarter valued at about $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related 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 transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Down 1.4%

Shares of Mastercard stock opened at $556.80 on Monday. 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. The firm has a 50-day simple moving average of $581.01 and a two-hundred day simple moving average of $562.90. The company has a market cap of $503.35 billion, a P/E ratio of 37.55, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s revenue was up 16.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 EPS. As a group, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MA shares. Wolfe Research set a $655.00 price objective on Mastercard in a research note on Monday, June 23rd. KeyCorp raised their price target on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Morgan Stanley increased their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Two 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $634.04.

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.