America First Investment Advisors LLC Sells 532 Shares of Mastercard Incorporated $MA

America First Investment Advisors LLC trimmed its position in shares of Mastercard Incorporated (NYSE:MA) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,769 shares of the credit services provider’s stock after selling 532 shares during the quarter. Mastercard makes up about 4.9% of America First Investment Advisors LLC’s investment portfolio, making the stock its 12th biggest position. America First Investment Advisors LLC’s holdings in Mastercard were worth $24,596,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LGT Financial Advisors LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the second quarter valued at about $26,000. Flaharty Asset Management LLC bought a new stake in Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the 1st quarter worth about $31,000. Finally, IMG Wealth Management Inc. acquired a new position in Mastercard during the 2nd quarter valued at about $31,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Stock Down 1.7%

Mastercard stock opened at $527.63 on Wednesday. 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 company has a fifty day simple moving average of $566.34 and a 200 day simple moving average of $569.80. The company has a market cap of $473.81 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $3.89 earnings per share. Research analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s payout ratio is currently 19.44%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MA. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. UBS Group upped their price objective on Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a report on Friday, October 31st. Tigress Financial raised their target price on Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Truist Financial lowered their price target on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. Finally, Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus target price of $652.50.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.