Pacific Capital Wealth Advisors Inc. Reduces Stock Holdings in Mastercard Incorporated $MA

Pacific Capital Wealth Advisors Inc. decreased its holdings in Mastercard Incorporated (NYSE:MA) by 8.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 496 shares of the credit services provider’s stock after selling 44 shares during the quarter. Pacific Capital Wealth Advisors Inc.’s holdings in Mastercard were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lifestyle Asset Management Inc. lifted its stake in Mastercard by 3.2% in the second quarter. Lifestyle Asset Management Inc. now owns 2,280 shares of the credit services provider’s stock worth $1,281,000 after acquiring an additional 70 shares during the period. Westmount Partners LLC raised its holdings in Mastercard by 24.1% in the second quarter. Westmount Partners LLC now owns 1,379 shares of the credit services provider’s stock worth $775,000 after purchasing an additional 268 shares in the last quarter. Beacon Financial Group raised its holdings in Mastercard by 2.6% in the second quarter. Beacon Financial Group now owns 3,630 shares of the credit services provider’s stock worth $2,040,000 after purchasing an additional 93 shares in the last quarter. Czech National Bank raised its holdings in Mastercard by 6.0% in the second quarter. Czech National Bank now owns 198,270 shares of the credit services provider’s stock worth $111,416,000 after purchasing an additional 11,215 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Mastercard by 932.0% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 277,000 shares of the credit services provider’s stock worth $155,657,000 after purchasing an additional 250,160 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, Director Julius Genachowski sold 312 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares of the company’s stock, valued at approximately $4,833,004.23. The trade was a 3.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 9,428 shares of the business’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the transaction, the insider owned 58,451 shares of the company’s stock, valued at approximately $20,636,125.55. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,094 shares of company stock worth $26,521,861. Company insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

NYSE MA opened at $583.30 on Tuesday. The company has a market cap of $527.31 billion, a P/E ratio of 39.33, a P/E/G ratio of 2.38 and a beta of 0.99. 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 business’s 50 day moving average price is $574.96 and its 200-day moving average price is $558.34. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.50 EPS. Sell-side analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders 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 dividend yield of 0.5%. Mastercard’s payout ratio is currently 20.50%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MA. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft initiated coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective for the company. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Friday, July 18th. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Finally, TD Cowen reaffirmed a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $626.54.

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.