Victrix Investment Advisors Cuts Stock Position in Mastercard Incorporated $MA

Victrix Investment Advisors cut its holdings in shares of Mastercard Incorporated (NYSE:MA) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 1,530 shares of the credit services provider’s stock after selling 33 shares during the quarter. Victrix Investment Advisors’ holdings in Mastercard were worth $860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC grew its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after buying an additional 2,028 shares in the last quarter. Merit Financial Group LLC grew its position in shares of Mastercard by 20.0% during the first quarter. Merit Financial Group LLC now owns 25,439 shares of the credit services provider’s stock worth $13,944,000 after buying an additional 4,232 shares in the last quarter. McLean Asset Management Corp grew its position in shares of Mastercard by 3.1% during the first quarter. McLean Asset Management Corp now owns 1,788 shares of the credit services provider’s stock worth $980,000 after buying an additional 53 shares in the last quarter. Whipplewood Advisors LLC grew its position in shares of Mastercard by 9.3% during the first quarter. Whipplewood Advisors LLC now owns 411 shares of the credit services provider’s stock worth $225,000 after buying an additional 35 shares in the last quarter. Finally, Crestmont Private Wealth LLC grew its position in shares of Mastercard by 18.0% during the first quarter. Crestmont Private Wealth LLC now owns 1,119 shares of the credit services provider’s stock worth $613,000 after buying an additional 171 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director directly owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,391 shares of company stock valued at $20,836,514 over the last three months. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

MA stock opened at $569.29 on Wednesday. The company has a market capitalization of $514.64 billion, a P/E ratio of 38.39, a PEG ratio of 2.33 and a beta of 0.99. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The business has a 50 day simple moving average of $579.48 and a 200-day simple moving average of $560.91. 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 (NYSE:MA) last posted its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

MA has been the subject of a number of analyst reports. Truist Financial lowered their price objective on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. TD Cowen reaffirmed a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. UBS Group upped their price target on Mastercard from $660.00 to $670.00 and gave the company a “buy” rating in a report on Tuesday, June 3rd. Finally, Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price 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.