Kingswood Wealth Advisors LLC Reduces Holdings in Mastercard Incorporated (NYSE:MA)

Kingswood Wealth Advisors LLC decreased its position in shares of Mastercard Incorporated (NYSE:MA) by 3.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,533 shares of the credit services provider’s stock after selling 266 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Mastercard were worth $4,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. West Paces Advisors Inc. grew its holdings in Mastercard by 7.5% during the 1st quarter. West Paces Advisors Inc. now owns 457 shares of the credit services provider’s stock worth $220,000 after acquiring an additional 32 shares in the last quarter. Prentice Wealth Management LLC grew its holdings in Mastercard by 3.1% during the 1st quarter. Prentice Wealth Management LLC now owns 2,741 shares of the credit services provider’s stock worth $1,320,000 after acquiring an additional 82 shares in the last quarter. Hoxton Planning & Management LLC grew its holdings in Mastercard by 1.4% during the 1st quarter. Hoxton Planning & Management LLC now owns 1,637 shares of the credit services provider’s stock worth $788,000 after acquiring an additional 22 shares in the last quarter. Sarasin & Partners LLP grew its holdings in Mastercard by 2.2% during the 1st quarter. Sarasin & Partners LLP now owns 734,881 shares of the credit services provider’s stock worth $353,897,000 after acquiring an additional 15,756 shares in the last quarter. Finally, Von Berge Wealth Management Group LLC acquired a new position in Mastercard during the 1st quarter worth $229,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Buying and Selling at Mastercard

In other Mastercard news, insider Craig Vosburg sold 9,028 shares of the stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total value of $4,038,043.84. Following the completion of the sale, the insider now directly owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Foundation Mastercard sold 109,000 shares of Mastercard stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the completion of the transaction, the insider now directly owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Craig Vosburg sold 9,028 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $447.28, for a total transaction of $4,038,043.84. Following the completion of the sale, the insider now owns 58,940 shares of the company’s stock, valued at approximately $26,362,683.20. The disclosure for this sale can be found here. Insiders sold a total of 3,025,228 shares of company stock valued at $1,366,000,650 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Mastercard Stock Performance

NYSE:MA traded down $3.27 during midday trading on Wednesday, reaching $452.38. The stock had a trading volume of 2,449,044 shares, compared to its average volume of 2,440,302. Mastercard Incorporated has a 1-year low of $359.77 and a 1-year high of $490.00. The firm’s fifty day simple moving average is $452.17 and its 200-day simple moving average is $452.78. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $420.54 billion, a P/E ratio of 35.96, a PEG ratio of 1.78 and a beta of 1.09.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the prior year, the firm earned $2.80 EPS. The business’s revenue was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that Mastercard Incorporated will post 14.26 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Tuesday, July 9th. Mastercard’s dividend payout ratio (DPR) is presently 20.99%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MA shares. Susquehanna reaffirmed a “positive” rating and issued a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Piper Sandler started coverage on shares of Mastercard in a report on Monday, May 13th. They issued an “overweight” rating and a $531.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Barclays decreased their price target on shares of Mastercard from $549.00 to $530.00 and set an “overweight” rating for the company in a report on Monday, May 6th. Finally, Evercore ISI decreased their price target on shares of Mastercard from $540.00 to $525.00 and set an “outperform” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mastercard has a consensus rating of “Moderate Buy” and an average price target of $496.91.

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.