Advisors Preferred LLC Has $373,000 Holdings in Mastercard Incorporated $MA

Advisors Preferred LLC lowered its position in shares of Mastercard Incorporated (NYSE:MA) by 48.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661 shares of the credit services provider’s stock after selling 619 shares during the quarter. Advisors Preferred LLC’s holdings in Mastercard were worth $373,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. LGT Financial Advisors LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA stock opened at $544.05 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a 50 day moving average of $575.44 and a two-hundred day moving average of $568.63. The company has a market capitalization of $491.83 billion, a price-to-earnings ratio of 36.69, a P/E/G ratio of 2.27 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 posted its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.89 EPS. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is currently 19.44%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MA. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. TD Cowen reiterated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Morgan Stanley set a $665.00 target price on shares of Mastercard and gave the stock an “overweight” rating in a research report on Friday. Citigroup raised shares of Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Truist Financial set a $638.00 target price on shares of Mastercard in a research report on Friday, October 24th. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Mastercard has a consensus rating of “Buy” and a consensus price target of $647.89.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.