Cassia Capital Partners LLC bought a new position in Mastercard Incorporated (NYSE:MA – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,214 shares of the credit services provider’s stock, valued at approximately $477,000.
Other hedge funds also recently bought and sold shares of the company. Financial Connections Group Inc. purchased a new stake in shares of Mastercard during the fourth quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard during the 1st quarter valued at approximately $25,000. Creative Capital Management Investments LLC bought a new position in Mastercard during the 1st quarter valued at approximately $30,000. Quarry LP purchased a new stake in Mastercard in the 1st quarter worth approximately $40,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of Mastercard in the 4th quarter worth approximately $41,000. Institutional investors own 74.94% of the company’s stock.
Mastercard Stock Down 0.9 %
MA stock traded down $3.53 during trading on Friday, hitting $395.91. 3,032,386 shares of the stock traded hands, compared to its average volume of 2,149,812. Mastercard Incorporated has a 1 year low of $276.87 and a 1 year high of $418.60. The firm’s 50 day moving average is $402.90 and its two-hundred day moving average is $385.12. The stock has a market cap of $373.03 billion, a price-to-earnings ratio of 37.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.13 and a quick ratio of 1.13.
Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $2.89 EPS for the quarter, beating the consensus estimate of $2.84 by $0.05. Mastercard had a net margin of 43.37% and a return on equity of 178.10%. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the prior year, the firm posted $2.56 EPS. Mastercard’s revenue for the quarter was up 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that Mastercard Incorporated will post 12.13 EPS for the current year.
Mastercard Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Monday, October 9th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.28 annualized dividend and a yield of 0.58%. Mastercard’s dividend payout ratio is 21.37%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on MA. Citigroup raised their price target on Mastercard from $440.00 to $455.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Truist Financial boosted their price objective on shares of Mastercard from $450.00 to $475.00 and gave the company a “buy” rating in a research report on Monday, September 25th. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $442.00 to $510.00 and gave the company an “overweight” rating in a research report on Tuesday, August 22nd. 888 reissued a “reiterates” rating on shares of Mastercard in a research report on Friday, June 30th. Finally, BMO Capital Markets boosted their price objective on shares of Mastercard from $463.00 to $488.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Moderate Buy” and a consensus target price of $443.88.
Read Our Latest Stock Report on Mastercard
Insider Buying and Selling at Mastercard
In other Mastercard news, insider Craig Vosburg sold 6,333 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the sale, the insider now directly owns 46,491 shares in the company, valued at approximately $18,596,400. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $400.00, for a total transaction of $2,533,200.00. Following the sale, the insider now owns 46,491 shares of the company’s stock, valued at approximately $18,596,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 125,816 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $391.39, for a total transaction of $49,243,124.24. Following the sale, the insider now directly owns 99,430,749 shares in the company, valued at approximately $38,916,200,851.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 417,360 shares of company stock worth $165,661,878. Insiders own 0.13% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.
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