Mastercard Incorporated $MA Shares Sold by D.B. Root & Company LLC

D.B. Root & Company LLC reduced its stake in shares of Mastercard Incorporated (NYSE:MA) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,492 shares of the credit services provider’s stock after selling 41 shares during the period. D.B. Root & Company LLC’s holdings in Mastercard were worth $1,400,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MA. Brighton Jones LLC grew 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 worth $3,594,000 after acquiring an additional 2,028 shares during the period. Congress Asset Management Co. raised its stake in shares of Mastercard by 1.3% in the 1st quarter. Congress Asset Management Co. now owns 32,115 shares of the credit services provider’s stock valued at $17,603,000 after acquiring an additional 421 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Mastercard by 7.2% during the first quarter. Sivia Capital Partners LLC now owns 1,960 shares of the credit services provider’s stock worth $1,074,000 after purchasing an additional 132 shares in the last quarter. Wedmont Private Capital lifted its position in Mastercard by 3.9% during the 1st quarter. Wedmont Private Capital now owns 10,777 shares of the credit services provider’s stock worth $5,494,000 after acquiring an additional 409 shares in the last quarter. Finally, Charter Oak Capital Management LLC lifted its position in Mastercard by 11.0% during the 1st quarter. Charter Oak Capital Management LLC now owns 1,114 shares of the credit services provider’s stock worth $611,000 after acquiring an additional 110 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Trading Up 0.6%

Shares of NYSE MA opened at $581.08 on Monday. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The company has a market cap of $525.30 billion, a price-to-earnings ratio of 39.18, a P/E/G ratio of 2.38 and a beta of 0.97. 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 business has a fifty day simple moving average of $580.26 and a 200-day simple moving average of $562.03.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, beating the consensus estimate of $4.05 by $0.10. The business had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s revenue was up 16.8% compared to the same quarter last year. During the same period in the prior year, the business posted $3.50 earnings per share. Sell-side analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total value of $10,456,032.24. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,330,922.26. This represents a 36.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Truist Financial reduced their price target on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Morgan Stanley boosted their price target on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. TD Cowen restated a “buy” rating and set a $645.00 price objective on shares of Mastercard in a research note on Monday, August 11th. Finally, KeyCorp increased their price target on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $630.89.

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.