Mastercard Incorporated $MA Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lessened its position in Mastercard Incorporated (NYSE:MA) by 40.3% in the 2nd quarter, Holdings Channel reports. The fund owned 36,806 shares of the credit services provider’s stock after selling 24,883 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Mastercard were worth $20,683,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Congress Asset Management Co. boosted its position in shares of Mastercard by 1.3% during the 1st quarter. Congress Asset Management Co. now owns 32,115 shares of the credit services provider’s stock worth $17,603,000 after purchasing an additional 421 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Mastercard by 7.2% during the 1st quarter. Sivia Capital Partners LLC now owns 1,960 shares of the credit services provider’s stock worth $1,074,000 after purchasing an additional 132 shares during the period. Wedmont Private Capital increased its holdings in shares of Mastercard by 3.9% in the 1st quarter. Wedmont Private Capital now owns 10,777 shares of the credit services provider’s stock valued at $5,494,000 after purchasing an additional 409 shares in the last quarter. Finally, Charter Oak Capital Management LLC lifted its stake in shares of Mastercard by 11.0% in the first quarter. Charter Oak Capital Management LLC now owns 1,114 shares of the credit services provider’s stock valued at $611,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Mastercard stock opened at $581.08 on Monday. The firm’s 50-day moving average is $580.26 and its two-hundred day moving average is $562.03. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $525.30 billion, a P/E ratio of 39.18, a P/E/G ratio of 2.38 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates 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 last year, the business earned $3.50 earnings per share. Equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

MA has been the subject of a number of research reports. Morgan Stanley lifted their price target on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a report on Friday, August 1st. KeyCorp lifted their price target on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $630.89.

Mastercard 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.