GuoLine Advisory Pte Ltd Sells 33,600 Shares of Mastercard Incorporated $MA

Key Points

• GuoLine Advisory Pte Ltd has reduced its stake in Mastercard by 33.3%, selling 33,600 shares, leaving them with 67,300 shares valued at approximately $37.8 million.
• Mastercard reported earnings per share of $4.15 for the most recent quarter, surpassing analysts' expectations and demonstrating a 16.8% year-over-year revenue increase to $8.13 billion.
• Mastercard's stock has seen significant attention from analysts, with a consensus rating of “Moderate Buy” and a price target averaging around $626.54.

GuoLine Advisory Pte Ltd trimmed its position in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 33.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,300 shares of the credit services provider's stock after selling 33,600 shares during the period. Mastercard accounts for approximately 4.0% of GuoLine Advisory Pte Ltd's investment portfolio, making the stock its 9th biggest position. GuoLine Advisory Pte Ltd's holdings in Mastercard were worth $37,819,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MA. Brighton Jones LLC increased its holdings in 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 during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in Mastercard by 11.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 70,472 shares of the credit services provider's stock worth $37,108,000 after buying an additional 7,452 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in Mastercard during the fourth quarter worth $73,000. Trustco Bank Corp N Y acquired a new position in Mastercard during the fourth quarter worth $211,000. Finally, Redwood Investment Management LLC increased its holdings in Mastercard by 58.3% during the fourth quarter. Redwood Investment Management LLC now owns 1,192 shares of the credit services provider's stock worth $628,000 after buying an additional 439 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Down 1.4%

Shares of Mastercard stock opened at $580.75 on Friday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The firm has a 50-day moving average of $574.60 and a 200-day moving average of $558.33. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $525.00 billion, a PE ratio of 39.16, a PEG ratio of 2.41 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data 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. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion during the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the prior year, the business posted $3.50 earnings per share. Mastercard's revenue was up 16.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Wednesday, July 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, July 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

Analysts Set New Price Targets

MA has been the topic of a number of recent analyst reports. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. UBS Group lifted their price objective on shares of Mastercard from $660.00 to $670.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Truist Financial reduced their price objective on shares of Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research report on Thursday, July 17th. KeyCorp lifted their price objective on shares of Mastercard from $635.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Wolfe Research set a $655.00 price objective on shares of Mastercard in a research report on Monday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Mastercard has a consensus rating of "Moderate Buy" and an average price target of $626.54.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company's stock in a transaction dated 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 owned 31,234 shares of the company's stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company's stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the sale, the insider directly owned 23,624 shares of the company's stock, valued at $13,229,440. This represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 49,094 shares of company stock valued at $26,521,861 over the last three months. 0.09% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.