Kintegral Advisory LLC Trims Stock Position in Mastercard Incorporated (NYSE:MA)

Kintegral Advisory LLC trimmed its position in Mastercard Incorporated (NYSE:MA - Free Report) by 32.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,628 shares of the credit services provider's stock after selling 8,152 shares during the quarter. Mastercard makes up approximately 1.4% of Kintegral Advisory LLC's holdings, making the stock its 10th largest position. Kintegral Advisory LLC's holdings in Mastercard were worth $9,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider's stock valued at $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Bank Pictet & Cie Europe AG grew its stake in Mastercard by 11.8% during the 4th 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. Souders Financial Advisors acquired a new stake in Mastercard in the fourth quarter worth $426,000. NewSquare Capital LLC bought a new stake in Mastercard in the fourth quarter valued at $26,000. Finally, Proficio Capital Partners LLC lifted its stake in Mastercard by 51.6% in the fourth quarter. Proficio Capital Partners LLC now owns 2,954 shares of the credit services provider's stock valued at $1,555,000 after buying an additional 1,006 shares during the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Price Performance

MA stock opened at $566.53 on Friday. The firm has a 50-day moving average of $566.17 and a two-hundred day moving average of $546.25. The firm has a market capitalization of $516.51 billion, a PE ratio of 39.73, a P/E/G ratio of 2.44 and a beta of 1.02. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.81. Mastercard Incorporated has a one year low of $428.86 and a one year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The company's quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $3.31 EPS. On average, analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Wednesday, July 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.54%. The ex-dividend date is Wednesday, July 9th. Mastercard's payout ratio is 21.32%.

Insider Transactions at Mastercard

In other Mastercard news, Director Julius Genachowski sold 310 shares of Mastercard stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $561.00, for a total transaction of $173,910.00. Following the transaction, the director owned 8,323 shares of the company's stock, valued at $4,669,203. The trade was a 3.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $580.00, for a total transaction of $87,000.00. Following the completion of the sale, the insider directly owned 3,255 shares of the company's stock, valued at $1,887,900. This trade represents a 4.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,441 shares of company stock worth $20,173,035. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Citigroup lifted their price target on Mastercard from $650.00 to $652.00 and gave the company a "buy" rating in a report on Monday, May 5th. Tigress Financial reaffirmed a "strong-buy" rating on shares of Mastercard in a research note on Monday, March 10th. Jefferies Financial Group reissued a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Macquarie cut their price objective on shares of Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Truist Financial began coverage on shares of Mastercard in a report on Monday, June 2nd. They issued a "buy" rating and a $640.00 price objective for the company. Seven analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $611.50.

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.

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