Biondo Investment Advisors LLC Sells 604 Shares of Mastercard Incorporated (NYSE:MA)

Financial Advisors


Biondo Investment Advisors LLC reduced its position in Mastercard Incorporated (NYSE:MA – rated) by 0.8% during the fourth quarter, according to its latest filing with the Securities and Exchange Commission (SEC). rice field. The company held 73,887 shares in the credit service provider after selling 604 shares during the quarter. Mastercard owns about 5.7% of Biondo Investment Advisors LLC’s stake, making it the company’s third-largest holding. Biondo Investment Advisors LLC’s MasterCard holdings were worth $25,693,000 at the end of the most recent reporting period.

Many other hedge funds have also increased or decreased their stakes in MA. Transform Wealth LLC increased its Mastercard stake by 4.5% in the fourth quarter. Transform Wealth LLC purchased an additional 220 of his shares during the last quarter and now owns 5,090 shares of this credit service provider of his, valued at $1,770,000. Kestra Advisory Services LLC raised his Mastercard stake by 20.5% in the fourth quarter. Kestra Advisory Services LLC purchased an additional 12,481 of his shares during the period and he now owns 73,278 shares of the credit service provider worth $25,481,000. Stratos Wealth Advisors LLC increased Mastercard shares by 488.1% in the fourth quarter. Stratos Wealth Advisors LLC purchased an additional 5,364 shares during the period and now owns 6,463 shares of credit service provider stock valued at $2,248,000. Capital Advisors Inc. OK increased Mastercard shares by 4.1% in the fourth quarter. Capital Advisors Inc. OK now owns 910 shares of credit service provider stock valued at $316,000 after purchasing an additional 36 shares during the period. Finally, Resources Investment Advisors LLC. added Mastercard shares 1.7% in the third quarter. Resource Investment Advisors LLC. purchased an additional 77 shares during the last quarter and now owns 4,631 shares of the credit service provider, valued at $1,317,000. Institutional investors hold 74.51% of the company’s shares.

Insider activity

In other news, major shareholder Foundation Mastercard sold 172,548 shares in the company in a transaction on Friday, February 10. The shares were sold at an average price of $365.62 for a total of $63,086,999.76. After the sale, Insiders now directly own 100,908,187 shares of the Company’s stock, valued at approximately $36,894,051,330.94. The transaction was disclosed in legal filings with the SEC, which are available on his website. In other Mastercard news, major shareholder Foundation Mastercard sold 172,548 shares in a transaction that took place on Friday, February 10. The shares were sold at an average price of $365.62 for a total transaction value of $63,086,999.76. Following the transaction, the insider directly owned 100,908,187 shares of the company, valued at approximately $36,894,051,330.94. The transaction was disclosed in documents filed with the Securities and Exchange Commission, which are available at this link. Also, insider Raghuwil Malhotra sold 11,398 shares in a transaction that took place on Friday, May 5. The shares were sold at an average price of $381.62 for a total of $4,349,704.76. After the transaction, the insider owns 9,465 shares of the company, valued at $3,612,033.30. Disclosure information regarding this sale can be found here. In the past three months, insiders have sold 471,215 shares of the company, worth $177,192,971. Currently, 0.29% of the shares are owned by insiders.

Mastercard transactions drop 0.3%

MA shares fell $1.23 in intraday trading on Thursday to $381.31. 348,519 shares were traded against an average volume of 2,710,037 shares. The stock has a 50-day simple moving average of $364.39 and a 200-day simple moving average of $356.83. Mastercard Incorporated hit a one-year low of $276.87 and a one-year high of $390.00. The company has a market capitalization of $361.42 billion, a price/earnings multiple of 38.22 times, a price/earnings multiple of 1.80 times, and a beta of 1.11 times. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt to equity ratio of 2.84.

Mastercard (NYSE:MA – Get Rating) last announced its results on Thursday, April 27. Credit service providers reported earnings per share (EPS) of $2.80 for the quarter, beating consensus expectations of $2.71 by $0.09. The business had sales of $5.75 billion in the quarter, compared with analyst expectations of $5.64 billion. Mastercard’s return on equity was 169.12% and net profit margin was 42.33%. Mastercard revenue for the quarter increased 11.2% year-on-year. In the same period last year, the company’s EPS was $2.76. On average, research analysts expect Mastercard’s EPS to be $12.26 this fiscal year.

Announcement of Mastercard Dividend

The company also recently announced its quarterly dividend, which was paid on Tuesday, May 9. A dividend of $0.57 was paid to record shareholders on Friday, April 7. This equates to a dividend of $2.28 for him on an annualized basis and a dividend yield of 0.60% for him. The ex-dividend date was Wednesday, April 5. Mastercard currently has a payout ratio of 22.78%.

Wall Street analysts forecast growth

Recently, many brokerage firms have commented on MA. Trust Financial raised its price target on Mastercard stock to $450.00 from $400.00, giving the company a Buy rating in its research note on Friday, Jan. 20. Robert W. Baird raised his price target on Mastercard stock to $435.00 from $410.00 in a research report on Friday, April 28. Jefferies Financial Group raised its price target on Mastercard stock to $430.00 from $370.00 in its research report on Wednesday, January 18, giving the company a buy rating. Citigroup raised its price target on Mastercard stock to $440.00 from $435.00 in a research report on Friday, April 28. Finally, Raymond James raised his price target on Mastercard stock to $453.00 from $450.00 in a research report on Friday, April 28. One research analyst gave the stock a sell rating, two gave a hold rating, and 20 gave a buy rating. According to MarketBeat, Mastercard has an average rating of “moderate buy” and a consensus price target of $418.85.

About Mastercard

(get rating)

Mastercard, Inc is a technology company engaged in the payments industry that connects consumers, financial institutions, merchants, governments and businesses. We provide payment solutions for credit, debit, prepaid, commercial, and payment program development and implementation. The company was founded in his November 1966 and is headquartered in Purchase, New York.

read more

Mastercard Quarterly Institutional Ownership (NYSE:MA)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide our readers with the fastest and most accurate reporting. This article was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments regarding this story to contact@marketbeat.com.

Listen to this before considering Mastercard.

MarketBeat tracks Wall Street’s highest-rated, highest-performing research analysts and the stocks they recommend to clients every day. MarketBeat has identified five stocks top analysts are secretly whispering to customers to buy now before the whole market goes up…and Mastercard wasn’t on the list.

Mastercard currently has a “normal buy” rating among analysts, but high-scoring analysts think these five stocks are better buys.

Click here for 5 brands



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *