Strait & Sound Wealth Management LLC Cuts Position in Mastercard Incorporated $MA

Strait & Sound Wealth Management LLC lessened its holdings in Mastercard Incorporated (NYSE:MA) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,746 shares of the credit services provider’s stock after selling 36 shares during the period. Mastercard comprises about 0.9% of Strait & Sound Wealth Management LLC’s portfolio, making the stock its 25th largest holding. Strait & Sound Wealth Management LLC’s holdings in Mastercard were worth $2,105,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after acquiring an additional 2,493 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in Mastercard by 18.9% during the first quarter. Creative Financial Designs Inc. ADV now owns 641 shares of the credit services provider’s stock worth $351,000 after purchasing an additional 102 shares in the last quarter. Perpetual Ltd lifted its stake in Mastercard by 16.0% during the first quarter. Perpetual Ltd now owns 4,561 shares of the credit services provider’s stock worth $2,500,000 after purchasing an additional 629 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its stake in Mastercard by 12.8% during the first quarter. Beacon Financial Advisory LLC now owns 468 shares of the credit services provider’s stock worth $256,000 after purchasing an additional 53 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Shares of MA stock opened at $573.72 on Friday. The stock’s 50-day moving average is $579.51 and its two-hundred day moving average is $566.01. The firm has a market cap of $518.65 billion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.35 and a beta of 0.97. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.50 earnings per share. Analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be issued a dividend of $0.76 per share. 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 (DPR) is currently 20.50%.

Wall Street Analysts Forecast Growth

MA has been the topic of a number of research reports. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Wall Street Zen upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. TD Cowen reaffirmed a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research report on Monday, August 11th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Finally, Royal Bank Of Canada upped their price objective on Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $638.96.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by corporate insiders.

Mastercard 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.