U.S. Capital Wealth Advisors LLC Cuts Stake in Mastercard Incorporated $MA

Key Points

• U.S. Capital Wealth Advisors LLC has reduced its position in Mastercard Incorporated by 12.9%, selling 2,070 shares, resulting in a total of 14,032 shares valued at approximately $7.89 million.
• Insider transactions showed that Julius Genachowski and Linda Pistecchia Kirkpatrick sold a combined total of 1,270 shares, indicating a decrease in their ownership.
• Mastercard reported quarterly earnings with a gross of $8.13 billion and an EPS of $4.15, exceeding analysts' expectations, along with a recently announced dividend of $0.76 per share.

U.S. Capital Wealth Advisors LLC lowered its stake in Mastercard Incorporated (NYSE:MA - Free Report) by 12.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,032 shares of the credit services provider's stock after selling 2,070 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Mastercard were worth $7,885,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC bought a new position in Mastercard during the 2nd quarter worth about $11,421,213,000. GAMMA Investing LLC increased its position in Mastercard by 65,631.5% during the first quarter. GAMMA Investing LLC now owns 8,225,637 shares of the credit services provider's stock worth $4,508,636,000 after acquiring an additional 8,213,123 shares during the period. Nuveen LLC acquired a new position in shares of Mastercard in the 1st quarter valued at approximately $4,238,764,000. Wellington Management Group LLP raised its position in shares of Mastercard by 38.6% in the 1st quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider's stock valued at $7,413,936,000 after buying an additional 3,765,378 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Mastercard during the 4th quarter worth approximately $561,313,000. Institutional investors and hedge funds own 97.28% of the company's stock.

Insider Buying and Selling at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at $4,833,004.23. This represents a 3.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider owned 23,624 shares in the company, valued at $13,229,440. This trade represents a 3.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,717 shares of company stock valued at $22,684,831 over the last 90 days. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MA. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research note on Thursday, July 17th. They issued a "buy" rating and a $650.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wells Fargo & Company raised their price objective on shares of Mastercard from $625.00 to $650.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Truist Financial dropped their price objective on Mastercard from $640.00 to $612.00 and set a "buy" rating for the company in a research note on Thursday, July 17th. Finally, KeyCorp lifted their target price on shares of Mastercard from $635.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Mastercard currently has an average rating of "Buy" and an average target price of $630.89.

Mastercard Trading Up 0.1%

NYSE MA traded up $0.48 during trading on Monday, hitting $584.64. The company had a trading volume of 3,241,619 shares, compared to its average volume of 2,498,610. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The company's fifty day moving average is $577.86 and its 200-day moving average is $559.42. The company has a market cap of $528.52 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.39 and a beta of 0.99.

Mastercard (NYSE:MA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $8.13 billion for the quarter, compared to analysts' expectations of $7.95 billion. During the same quarter in the previous year, the company earned $3.50 earnings per share. Mastercard's quarterly revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard's dividend payout ratio is currently 20.50%.

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.