Mastercard Incorporated $MA Shares Bought by PFS Partners LLC

PFS Partners LLC raised its position in Mastercard Incorporated (NYSE:MA) by 11.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 212 shares of the credit services provider’s stock after buying an additional 21 shares during the quarter. PFS Partners LLC’s holdings in Mastercard were worth $119,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of MA. Brighton Jones LLC increased its stake in Mastercard by 42.3% in the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Mascagni Wealth Management Inc. acquired a new position in Mastercard in the 4th quarter valued at $73,000. MassMutual Private Wealth & Trust FSB increased its stake in Mastercard by 3.1% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 11,522 shares of the credit services provider’s stock valued at $6,315,000 after buying an additional 346 shares during the period. Kera Capital Partners Inc. increased its stake in Mastercard by 10.3% in the 1st quarter. Kera Capital Partners Inc. now owns 450 shares of the credit services provider’s stock valued at $247,000 after buying an additional 42 shares during the period. Finally, Park National Corp OH increased its stake in Mastercard by 17.0% in the 1st quarter. Park National Corp OH now owns 1,052 shares of the credit services provider’s stock valued at $577,000 after buying an additional 153 shares during the period. 97.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. TD Cowen restated a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Truist Financial decreased their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $630.89.

Mastercard Price Performance

Mastercard stock opened at $565.63 on Friday. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week 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. The firm’s 50-day simple moving average is $579.00 and its 200 day simple moving average is $560.04. The firm has a market capitalization of $511.34 billion, a PE ratio of 38.14, a P/E/G ratio of 2.33 and a beta of 0.99.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period in the previous year, the firm earned $3.50 EPS. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. On average, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be issued a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Insider Buying and Selling at Mastercard

In other Mastercard news, Director Julius Genachowski sold 312 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $570.67, for a total value of $178,049.04. Following the transaction, the director directly owned 8,469 shares in the company, valued at approximately $4,833,004.23. This represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Linda Pistecchia Kirkpatrick sold 958 shares of the company’s stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $560.00, for a total transaction of $536,480.00. Following the completion of the transaction, the insider owned 23,624 shares in the company, valued at approximately $13,229,440. This trade represents a 3.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,349 shares of company stock worth $21,372,994. Corporate insiders own 0.09% of the company’s stock.

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.