Prudent Man Advisors LLC Reduces Stock Holdings in Mastercard Incorporated (NYSE:MA)

Prudent Man Advisors LLC trimmed its position in Mastercard Incorporated (NYSE:MA) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,684 shares of the credit services provider’s stock after selling 142 shares during the quarter. Prudent Man Advisors LLC’s holdings in Mastercard were worth $1,325,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Highline Wealth Partners LLC purchased a new position in Mastercard in the third quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 2nd quarter valued at $34,000. Fairway Wealth LLC purchased a new position in shares of Mastercard during the 2nd quarter worth $35,000. First Personal Financial Services purchased a new position in shares of Mastercard during the 3rd quarter worth $39,000. Finally, Lowe Wealth Advisors LLC increased its position in shares of Mastercard by 74.0% during the 3rd quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Up 0.3 %

Mastercard stock opened at $521.89 on Monday. The stock’s fifty day moving average is $504.09 and its two-hundred day moving average is $471.38. The stock has a market cap of $479.01 billion, a PE ratio of 39.48, a P/E/G ratio of 2.28 and a beta of 1.10. Mastercard Incorporated has a 1-year low of $395.55 and a 1-year high of $534.03. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $3.39 EPS. On average, sell-side analysts expect that Mastercard Incorporated will post 14.47 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th were issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Wednesday, October 9th. Mastercard’s payout ratio is 19.97%.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. William Blair raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and issued a $572.00 price objective on shares of Mastercard in a report on Thursday. BNP Paribas downgraded shares of Mastercard from an “outperform” rating to a “neutral” rating and set a $470.00 target price for the company. in a report on Tuesday, September 3rd. JPMorgan Chase & Co. cut their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, KeyCorp raised their price target on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $549.16.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 21.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the transaction, the insider now owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,370 shares of company stock valued at $46,797,168 in the last ninety days. Insiders own 0.10% 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.