New World Advisors LLC Sells 254 Shares of Mastercard Incorporated $MA

New World Advisors LLC decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 17.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,224 shares of the credit services provider’s stock after selling 254 shares during the period. Mastercard makes up about 0.1% of New World Advisors LLC’s holdings, making the stock its 25th largest holding. New World Advisors LLC’s holdings in Mastercard were worth $688,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthstream Advisors Inc. grew its stake in Mastercard by 2.9% in the 1st quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after buying an additional 18 shares in the last quarter. Pinion Investment Advisors LLC grew its stake in shares of Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock valued at $1,276,000 after buying an additional 18 shares during the last quarter. KRS Capital Management LLC boosted its holdings in Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after acquiring an additional 18 shares during the period. Nvest Financial LLC grew its position in Mastercard by 1.2% during the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after acquiring an additional 18 shares during the last quarter. Finally, Washington Trust Advisors Inc. increased its stake in Mastercard by 5.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after purchasing an additional 18 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of MA stock opened at $540.42 on Friday. The company’s fifty day moving average price is $563.32 and its 200-day moving average price is $569.09. The stock has a market cap of $485.29 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. During the same period last year, the company posted $3.89 EPS. Mastercard’s revenue was up 16.7% on a year-over-year basis. On average, equities analysts expect 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 was paid on Friday, November 7th. Investors of record on Thursday, October 9th were paid a $0.76 dividend. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s payout ratio is presently 19.44%.

Analyst Ratings Changes

Several brokerages have recently issued reports on MA. Wells Fargo & Company cut their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Robert W. Baird raised their target price on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, Compass Point set a $620.00 price target on Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and a consensus price target of $652.50.

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.