GenTrust LLC Sells 259 Shares of Mastercard Incorporated $MA

GenTrust LLC lowered its stake in Mastercard Incorporated (NYSE:MA) by 22.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 874 shares of the credit services provider’s stock after selling 259 shares during the quarter. GenTrust LLC’s holdings in Mastercard were worth $491,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MA. Brighton Jones LLC boosted its position in Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock worth $8,226,000 after buying an additional 2,493 shares during the period. Golden State Wealth Management LLC raised its stake in shares of Mastercard by 150.7% in the first quarter. Golden State Wealth Management LLC now owns 2,830 shares of the credit services provider’s stock worth $1,553,000 after buying an additional 1,701 shares during the period. New World Advisors LLC raised its stake in shares of Mastercard by 15.9% in the first quarter. New World Advisors LLC now owns 1,478 shares of the credit services provider’s stock worth $810,000 after buying an additional 203 shares during the period. Finally, Omnia Family Wealth LLC raised its stake in shares of Mastercard by 7.3% in the first quarter. Omnia Family Wealth LLC now owns 3,594 shares of the credit services provider’s stock worth $1,970,000 after buying an additional 243 shares during the period. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

MA opened at $573.59 on Friday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock has a market cap of $518.53 billion, a P/E ratio of 38.68, a PEG ratio of 2.34 and a beta of 0.97. The business has a fifty day moving average of $579.67 and a 200 day moving average of $564.74. 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 issued its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the prior year, the business earned $3.50 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

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 20.50%.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction dated 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 sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several recent research reports. Truist Financial decreased their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research note on Thursday, July 17th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Citigroup raised Mastercard to a “strong-buy” rating in a research note on Thursday. Morgan Stanley lifted their target price on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Finally, KeyCorp reiterated an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a report on Wednesday. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $638.00.

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.