Global Wealth Management Investment Advisory Inc. Sells 50 Shares of Mastercard Incorporated (NYSE:MA)

Global Wealth Management Investment Advisory Inc. decreased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457 shares of the credit services provider’s stock after selling 50 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Mastercard were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Whalerock Point Partners LLC lifted its holdings in Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider’s stock valued at $7,729,000 after purchasing an additional 185 shares in the last quarter. Fortis Advisors LLC raised its position in shares of Mastercard by 9.4% during the 1st quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock valued at $477,000 after purchasing an additional 75 shares during the period. Canandaigua National Trust Co of Florida lifted its stake in shares of Mastercard by 36.4% during the 1st quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after buying an additional 185 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Mastercard by 18.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 6,870 shares of the credit services provider’s stock worth $3,766,000 after buying an additional 1,047 shares during the period. Finally, Baldwin Investment Management LLC boosted its holdings in Mastercard by 5.7% in the 4th quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider’s stock worth $911,000 after buying an additional 93 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MA shares. The Goldman Sachs Group reissued a “buy” rating and set a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Evercore ISI started coverage on Mastercard in a report on Wednesday, April 9th. They issued an “in-line” rating and a $550.00 price target on the stock. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 price target for the company. Finally, Monness Crespi & Hardt lowered shares of Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Seven equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $611.50.

Mastercard Price Performance

NYSE:MA opened at $566.53 on Friday. The firm has a market capitalization of $516.51 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.44 and a beta of 1.02. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $566.17 and a 200-day simple moving average of $546.25. Mastercard Incorporated has a 1 year low of $428.86 and a 1 year high of $594.71.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. Mastercard’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.31 EPS. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 9th will be issued a $0.76 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.54%. Mastercard’s dividend payout ratio (DPR) is presently 21.32%.

Insider Transactions at Mastercard

In related news, Director Julius Genachowski sold 310 shares of the company’s stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $561.00, for a total transaction of $173,910.00. Following the transaction, the director directly owned 8,323 shares in the company, valued at approximately $4,669,203. This represents a 3.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Raj Seshadri sold 1,100 shares of the firm’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $546.77, for a total transaction of $601,447.00. Following the completion of the sale, the insider directly owned 12,921 shares of the company’s stock, valued at approximately $7,064,815.17. The trade was a 7.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is currently owned by insiders.

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.