Redhawk Wealth Advisors Inc. Decreases Stake in Mastercard Incorporated (NYSE:MA)

Redhawk Wealth Advisors Inc. lessened its stake in Mastercard Incorporated (NYSE:MA) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,414 shares of the credit services provider’s stock after selling 213 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Mastercard were worth $698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Armstrong Advisory Group Inc. raised its stake in shares of Mastercard by 9.4% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 372 shares of the credit services provider’s stock worth $184,000 after buying an additional 32 shares during the last quarter. Wagner Wealth Management LLC raised its position in Mastercard by 4.4% during the third quarter. Wagner Wealth Management LLC now owns 765 shares of the credit services provider’s stock worth $378,000 after acquiring an additional 32 shares during the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Mastercard by 4.3% in the third quarter. Sunflower Bank N.A. now owns 1,652 shares of the credit services provider’s stock valued at $816,000 after purchasing an additional 68 shares in the last quarter. Sawyer & Company Inc grew its position in shares of Mastercard by 1.7% in the third quarter. Sawyer & Company Inc now owns 6,938 shares of the credit services provider’s stock valued at $3,426,000 after purchasing an additional 116 shares during the last quarter. Finally, Webster Bank N. A. increased its stake in shares of Mastercard by 3.6% during the 3rd quarter. Webster Bank N. A. now owns 1,718 shares of the credit services provider’s stock worth $848,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now directly owns 15,031 shares in the company, valued at approximately $7,363,085.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the completion of the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 90,000 shares of Mastercard stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 340,809 shares of company stock worth $159,610,703 in the last ninety days. 0.10% of the stock is currently owned by corporate insiders.

Mastercard Stock Performance

Shares of MA opened at $506.93 on Tuesday. Mastercard Incorporated has a 52-week low of $359.77 and a 52-week high of $508.79. The firm has a market capitalization of $471.25 billion, a PE ratio of 40.30, a P/E/G ratio of 2.22 and a beta of 1.10. The firm has a 50-day moving average price of $482.08 and a 200 day moving average price of $463.06. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.95.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The firm had revenue of $6.96 billion during the quarter, compared to analyst estimates of $6.85 billion. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.3 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a dividend yield of 0.52%. Mastercard’s dividend payout ratio is currently 20.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MA shares. Argus upgraded Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Barclays upped their target price on shares of Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Citigroup boosted their price objective on shares of Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of Mastercard from $500.00 to $526.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Bank of America increased their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $523.27.

Mastercard 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.