Detalus Advisors LLC Cuts Holdings in Mastercard Incorporated $MA

Detalus Advisors LLC cut its position in shares of Mastercard Incorporated (NYSE:MA) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,371 shares of the credit services provider’s stock after selling 27 shares during the quarter. Detalus Advisors LLC’s holdings in Mastercard were worth $1,332,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Accredited Investors Inc. lifted its holdings in Mastercard by 2.6% during the 1st quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 18 shares in the last quarter. Wealthstream Advisors Inc. lifted its holdings in shares of Mastercard by 2.9% in the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider’s stock worth $347,000 after buying an additional 18 shares in the last quarter. Phillips Wealth Planners LLC lifted its holdings in shares of Mastercard by 1.8% in the first quarter. Phillips Wealth Planners LLC now owns 1,055 shares of the credit services provider’s stock worth $538,000 after buying an additional 19 shares in the last quarter. Alta Wealth Advisors LLC lifted its holdings in shares of Mastercard by 3.6% in the first quarter. Alta Wealth Advisors LLC now owns 540 shares of the credit services provider’s stock worth $296,000 after buying an additional 19 shares in the last quarter. Finally, May Hill Capital LLC lifted its holdings in shares of Mastercard by 2.0% in the first quarter. May Hill Capital LLC now owns 986 shares of the credit services provider’s stock worth $540,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Analyst Ratings Changes

MA has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research note on Monday. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Finally, KeyCorp raised their price target on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a report on Friday, August 1st. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $634.04.

Mastercard Stock Performance

Shares of NYSE MA opened at $579.24 on Wednesday. The stock has a market cap of $523.64 billion, a price-to-earnings ratio of 39.06, a P/E/G ratio of 2.37 and a beta of 0.97. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The stock’s 50-day moving average is $580.78 and its 200 day moving average is $562.45.

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

Mastercard Announces Dividend

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

Insider Buying and Selling

In related news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. This trade represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

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.