Beacon Pointe Advisors LLC Sells 1,969 Shares of Mastercard Incorporated $MA

Beacon Pointe Advisors LLC cut its stake in shares of Mastercard Incorporated (NYSE:MA) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,189 shares of the credit services provider’s stock after selling 1,969 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Mastercard were worth $25,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Pinion Investment Advisors LLC grew its holdings in shares of Mastercard by 0.8% in the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider’s stock worth $1,276,000 after purchasing an additional 18 shares during the last quarter. KRS Capital Management LLC boosted its position in Mastercard by 0.6% during the 2nd quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider’s stock valued at $1,601,000 after buying an additional 18 shares during the period. Nvest Financial LLC grew its holdings in Mastercard by 1.2% in the 2nd quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider’s stock worth $846,000 after acquiring an additional 18 shares during the last quarter. Washington Trust Advisors Inc. grew its holdings in Mastercard by 5.6% in the 2nd quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock worth $191,000 after acquiring an additional 18 shares during the last quarter. Finally, Rialto Wealth Management LLC increased its position in shares of Mastercard by 13.0% in the second quarter. Rialto Wealth Management LLC now owns 156 shares of the credit services provider’s stock valued at $88,000 after acquiring an additional 18 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of analyst reports. Tigress Financial increased their target price on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 6th. Royal Bank Of Canada upped their price target on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Compass Point set a $620.00 target price on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday. Finally, UBS Group boosted their price objective on shares of Mastercard from $690.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $652.50.

Mastercard Trading Down 1.2%

NYSE MA opened at $543.70 on Tuesday. The firm has a market capitalization of $488.24 billion, a PE ratio of 36.66, a P/E/G ratio of 2.27 and a beta of 0.92. The stock’s 50 day moving average is $558.24 and its 200 day moving average is $567.93. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

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

Mastercard Announces Dividend

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

About Mastercard

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.