San Luis Wealth Advisors LLC Sells 3,220 Shares of Mastercard Incorporated (NYSE:MA)

San Luis Wealth Advisors LLC lowered its position in Mastercard Incorporated (NYSE:MA) by 30.1% in the first quarter, Holdings Channel.com reports. The fund owned 7,466 shares of the credit services provider’s stock after selling 3,220 shares during the period. San Luis Wealth Advisors LLC’s holdings in Mastercard were worth $4,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Mastercard by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 77,179,138 shares of the credit services provider’s stock worth $40,640,219,000 after buying an additional 377,302 shares during the period. FMR LLC lifted its position in shares of Mastercard by 4.3% during the 4th quarter. FMR LLC now owns 22,267,937 shares of the credit services provider’s stock worth $11,725,627,000 after buying an additional 912,856 shares during the period. Geode Capital Management LLC lifted its position in shares of Mastercard by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 18,657,792 shares of the credit services provider’s stock worth $9,800,202,000 after buying an additional 282,739 shares during the period. Norges Bank bought a new position in Mastercard in the 4th quarter valued at $6,022,224,000. Finally, Wellington Management Group LLP boosted its stake in Mastercard by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 9,760,740 shares of the credit services provider’s stock worth $5,139,713,000 after purchasing an additional 817,836 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

MA has been the subject of a number of research reports. Truist Financial began coverage on Mastercard in a research note on Monday, June 2nd. They issued a “buy” rating and a $640.00 target price for the company. Tigress Financial reaffirmed a “strong-buy” rating on shares of Mastercard in a report on Monday, March 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $633.00 price target on shares of Mastercard in a report on Wednesday, April 2nd. Monness Crespi & Hardt cut Mastercard from a “buy” rating to a “neutral” rating in a report on Wednesday, April 9th. Finally, Wall Street Zen cut Mastercard from a “buy” rating to a “hold” rating in a report on Saturday. Seven analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $610.00.

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total value of $8,678,774.00. Following the transaction, the chief executive officer now directly owns 84,871 shares of the company’s stock, valued at $46,692,629.36. This represents a 15.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Sandra A. Arkell sold 150 shares of the company’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $569.45, for a total value of $85,417.50. Following the completion of the transaction, the insider now directly owns 3,555 shares in the company, valued at approximately $2,024,394.75. This represents a 4.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,645 shares of company stock worth $26,979,801 in the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Mastercard Trading Up 1.2%

NYSE MA opened at $568.52 on Tuesday. The stock has a market capitalization of $518.32 billion, a price-to-earnings ratio of 40.93, a PEG ratio of 2.37 and a beta of 1.05. The stock’s 50 day moving average price is $556.98 and its two-hundred day moving average price is $544.29. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. Mastercard Incorporated has a 52 week low of $428.86 and a 52 week high of $594.71.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter in the prior year, the business posted $3.31 EPS. The business’s revenue was up 14.2% compared to the same quarter last year. As a group, analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

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.