Regal Investment Advisors LLC Cuts Position in Mastercard Inc (MA)

Regal Investment Advisors LLC reduced its stake in Mastercard Inc (NYSE:MA) by 19.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,736 shares of the credit services provider’s stock after selling 2,750 shares during the quarter. Regal Investment Advisors LLC’s holdings in Mastercard were worth $2,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MA. Great West Life Assurance Co. Can lifted its position in Mastercard by 3.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,354,428 shares of the credit services provider’s stock worth $266,407,000 after buying an additional 49,058 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mastercard by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,876,706 shares of the credit services provider’s stock worth $565,345,000 after buying an additional 132,037 shares in the last quarter. Chicago Equity Partners LLC lifted its position in Mastercard by 3.3% during the 2nd quarter. Chicago Equity Partners LLC now owns 109,220 shares of the credit services provider’s stock worth $21,464,000 after buying an additional 3,470 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in Mastercard by 1.3% during the 2nd quarter. Motley Fool Asset Management LLC now owns 106,668 shares of the credit services provider’s stock worth $20,962,000 after buying an additional 1,324 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in Mastercard by 17.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 143,302 shares of the credit services provider’s stock worth $28,166,000 after buying an additional 21,042 shares in the last quarter. 74.42% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Martina Hundmejean sold 69,817 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total value of $13,987,835.95. Following the transaction, the chief financial officer now owns 128,905 shares in the company, valued at approximately $25,826,116.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

Several equities research analysts have commented on MA shares. SunTrust Banks boosted their price target on shares of Mastercard to $240.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Wolfe Research started coverage on shares of Mastercard in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Mastercard from $202.00 to $210.00 and gave the stock an “overweight” rating in a research report on Friday, July 27th. Buckingham Research boosted their price target on shares of Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a research report on Tuesday, June 26th. Finally, Loop Capital boosted their price objective on shares of Mastercard to $232.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Mastercard presently has an average rating of “Buy” and an average price target of $204.72.

Shares of MA opened at $212.77 on Friday. Mastercard Inc has a 52 week low of $135.65 and a 52 week high of $217.35. The stock has a market capitalization of $219.28 billion, a P/E ratio of 46.46, a P/E/G ratio of 1.73 and a beta of 1.19. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.11.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 EPS for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the prior year, the business earned $1.10 EPS. Mastercard’s quarterly revenue was up 20.0% on a year-over-year basis. equities analysts expect that Mastercard Inc will post 6.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 9th. Investors of record on Monday, July 9th were paid a $0.25 dividend. The ex-dividend date was Friday, July 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is currently 21.83%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

Further Reading: Return on Investment (ROI) Defined, Explained

Institutional Ownership by Quarter for Mastercard (NYSE:MA)

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