Mastercard Incorporated $MA Shares Sold by Sound View Wealth Advisors Group LLC

Sound View Wealth Advisors Group LLC lessened its position in Mastercard Incorporated (NYSE:MA) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,560 shares of the credit services provider’s stock after selling 110 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Mastercard were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. LGT Financial Advisors LLC acquired a new stake in Mastercard during the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard in the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard during the first quarter worth about $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in Mastercard during the 2nd quarter valued at about $31,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on MA. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Cowen reiterated a “buy” rating on shares of Mastercard in a research report on Friday, October 31st. Wells Fargo & Company lowered their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Macquarie boosted their price target on shares of Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $649.26.

Mastercard Price Performance

MA stock opened at $551.98 on Monday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week 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 stock has a market cap of $499.00 billion, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The business has a fifty day moving average of $572.24 and a two-hundred day moving average of $569.51.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.89 EPS. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were given a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

About Mastercard

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.