ROI Financial Advisors LLC Sells 97 Shares of Mastercard Incorporated $MA

ROI Financial Advisors LLC decreased its position in Mastercard Incorporated (NYSE:MA) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,468 shares of the credit services provider’s stock after selling 97 shares during the quarter. Mastercard accounts for approximately 3.7% of ROI Financial Advisors LLC’s holdings, making the stock its 11th biggest holding. ROI Financial Advisors LLC’s holdings in Mastercard were worth $5,882,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. ORG Partners LLC boosted its stake in Mastercard by 73.2% during the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 295 shares during the last quarter. Ethos Financial Group LLC increased its stake in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares in the last quarter. Curio Wealth LLC raised its holdings in Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 224 shares during the period. Wheelhouse Advisory Group LLC raised its holdings in Mastercard by 4.4% in the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares during the period. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Mastercard by 4.3% during the second quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock worth $3,632,000 after purchasing an additional 264 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Up 0.1%

MA stock opened at $553.55 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $500.42 billion, a P/E ratio of 37.33, a P/E/G ratio of 2.27 and a beta of 0.97. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The business has a 50-day moving average of $573.88 and a 200-day moving average of $568.77.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping analysts’ consensus estimates of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.89 EPS. On average, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share 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. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 19.44%.

Analysts Set New Price Targets

A number of research firms recently commented on MA. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. TD Cowen reissued a “buy” rating and issued a $645.00 target price on shares of Mastercard in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft assumed coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price target on the stock. Wells Fargo & Company cut their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Royal Bank Of Canada increased their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $647.59.

Insider Transactions at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. The trade was a 35.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

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.