Sequoia Financial Advisors LLC Has $12.93 Million Holdings in Mastercard Incorporated $MA

Sequoia Financial Advisors LLC raised its holdings in shares of Mastercard Incorporated (NYSE:MA) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,013 shares of the credit services provider’s stock after purchasing an additional 1,921 shares during the period. Sequoia Financial Advisors LLC’s holdings in Mastercard were worth $12,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in MA. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $44,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MA shares. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. KeyCorp raised their target price on shares of Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Truist Financial dropped their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Finally, Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $634.04.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

Shares of MA stock opened at $558.89 on Tuesday. The company has a market capitalization of $505.24 billion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.28 and a beta of 0.97. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77. The company’s 50 day moving average price is $580.79 and its two-hundred day moving average price is $563.03. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period last year, the business earned $3.50 EPS. On average, analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. 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 (DPR) is currently 20.50%.

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.