Secured Retirement Advisors LLC Increases Stock Holdings in Mastercard Incorporated $MA

Secured Retirement Advisors LLC grew its position in shares of Mastercard Incorporated (NYSE:MA) by 12.8% during the second quarter, HoldingsChannel reports. The firm owned 4,657 shares of the credit services provider’s stock after buying an additional 528 shares during the period. Mastercard accounts for approximately 1.6% of Secured Retirement Advisors LLC’s holdings, making the stock its 11th largest holding. Secured Retirement Advisors LLC’s holdings in Mastercard were worth $2,617,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC purchased a new stake in shares of Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $31,000. Hughes Financial Services LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analysts Forecast Growth

MA has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. Morgan Stanley boosted their price objective on Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target for the company. Seaport Res Ptn upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 14th. Finally, Truist Financial lowered their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Mastercard presently has an average rating of “Buy” and a consensus target price of $634.04.

Mastercard Stock Up 0.1%

Mastercard stock opened at $579.24 on Wednesday. The company has a 50-day simple moving average of $580.78 and a 200-day simple moving average of $562.45. The firm has a market capitalization of $523.64 billion, a P/E ratio of 39.06, a P/E/G ratio of 2.37 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the prior year, the firm earned $3.50 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. As a group, equities analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors 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 of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is 20.50%.

Insider Transactions at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction on 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 completion of the transaction, the chief financial officer owned 31,234 shares of the company’s stock, valued at approximately $18,330,922.26. This represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

About Mastercard

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.