Kingswood Wealth Advisors LLC Sells 1,318 Shares of Mastercard Incorporated $MA

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in Mastercard by 19.2%, selling 1,318 shares and bringing its total holdings to 5,552 shares valued at $3,120,000.
• Mastercard recently announced a quarterly dividend of $0.76, with a yield of 0.5%, to be paid on November 7th to investors of record on October 9th.
• The company reported a quarterly earnings per share (EPS) of $4.15, exceeding analyst estimates of $4.05, with revenue of $8.13 billion for the quarter, up by 16.8% year-over-year.

Kingswood Wealth Advisors LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA - Free Report) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,552 shares of the credit services provider's stock after selling 1,318 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Mastercard were worth $3,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the first quarter valued at about $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard in the first quarter worth about $31,000. Hughes Financial Services LLC acquired a new stake in shares of Mastercard during the first quarter worth about $34,000. Finally, 1 North Wealth Services LLC bought a new position in shares of Mastercard during the 1st quarter valued at about $44,000. Institutional investors own 97.28% of the company's stock.

Mastercard Trading Down 0.3%

Shares of Mastercard stock opened at $578.91 on Tuesday. The stock has a market cap of $523.34 billion, a P/E ratio of 39.04, a P/E/G ratio of 2.38 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The business's 50 day moving average is $580.46 and its 200-day moving average is $562.33.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company's quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 earnings per share. Equities research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard's dividend payout ratio (DPR) is 20.50%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. TD Cowen reissued a "buy" rating and set a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Robert W. Baird upped their price target on shares of Mastercard from $640.00 to $660.00 and gave the company an "outperform" rating in a report on Monday. Seaport Res Ptn upgraded shares of Mastercard from a "hold" rating to a "strong-buy" rating in a report on Monday, July 14th. Wall Street Zen lowered shares of Mastercard from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Finally, Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $634.04.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.

About Mastercard

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.

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