OneDigital Investment Advisors LLC Sells 1,555 Shares of Mastercard Incorporated (NYSE:MA)

OneDigital Investment Advisors LLC cut its holdings in Mastercard Incorporated (NYSE:MA - Free Report) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,138 shares of the credit services provider's stock after selling 1,555 shares during the period. OneDigital Investment Advisors LLC's holdings in Mastercard were worth $6,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Founders Financial Alliance LLC lifted its position in Mastercard by 2.9% in the fourth quarter. Founders Financial Alliance LLC now owns 676 shares of the credit services provider's stock valued at $356,000 after acquiring an additional 19 shares during the last quarter. BlackDiamond Wealth Management LLC grew its holdings in shares of Mastercard by 2.3% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 846 shares of the credit services provider's stock worth $445,000 after purchasing an additional 19 shares during the last quarter. Fi3 FINANCIAL ADVISORS LLC increased its position in shares of Mastercard by 2.6% during the fourth quarter. Fi3 FINANCIAL ADVISORS LLC now owns 736 shares of the credit services provider's stock worth $388,000 after purchasing an additional 19 shares in the last quarter. Strategy Asset Managers LLC lifted its holdings in shares of Mastercard by 2.1% in the 4th quarter. Strategy Asset Managers LLC now owns 911 shares of the credit services provider's stock valued at $480,000 after purchasing an additional 19 shares during the last quarter. Finally, Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% in the 1st quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider's stock valued at $538,000 after purchasing an additional 19 shares during the last quarter. 97.28% of the stock is owned by institutional investors.

Insider Activity

In related 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 value of $173,910.00. Following the completion of the transaction, the director directly owned 8,323 shares in the company, valued at approximately $4,669,203. This trade represents a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 14,051 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $585.05, for a total value of $8,220,537.55. Following the sale, the insider owned 58,451 shares in the company, valued at $34,196,757.55. The trade was a 19.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,441 shares of company stock worth $20,173,035 over the last ninety days. Insiders own 0.09% of the company's stock.

Mastercard Stock Performance

NYSE:MA opened at $566.53 on Friday. The firm has a 50-day moving average of $566.83 and a two-hundred day moving average of $546.49. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $516.51 billion, a P/E ratio of 39.73, a PEG ratio of 2.47 and a beta of 1.02. Mastercard Incorporated has a 1-year low of $428.86 and a 1-year high of $594.71.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 196.87% and a net margin of 45.21%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the firm earned $3.31 EPS. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. On average, research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently issued reports on MA. Wolfe Research set a $655.00 price target on Mastercard in a research note on Monday, June 23rd. Monness Crespi & Hardt lowered shares of Mastercard from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 9th. Evercore ISI initiated coverage on shares of Mastercard in a report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of Mastercard in a research note on Friday, June 6th. Finally, KeyCorp lifted their price objective on shares of Mastercard from $630.00 to $635.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Mastercard has a consensus rating of "Moderate Buy" and a consensus target price of $611.50.

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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