Pinion Investment Advisors LLC Purchases 18 Shares of Mastercard Incorporated $MA

Pinion Investment Advisors LLC grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,272 shares of the credit services provider’s stock after purchasing an additional 18 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Mastercard were worth $1,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares during the last quarter. GAMMA Investing LLC boosted its position in Mastercard by 19.9% during the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after purchasing an additional 2,493 shares in the last quarter. Focus Financial Network Inc. boosted its position in Mastercard by 2.2% during the first quarter. Focus Financial Network Inc. now owns 4,876 shares of the credit services provider’s stock valued at $2,672,000 after purchasing an additional 106 shares in the last quarter. Noble Wealth Management PBC grew its stake in shares of Mastercard by 2.7% during the first quarter. Noble Wealth Management PBC now owns 1,140 shares of the credit services provider’s stock worth $625,000 after acquiring an additional 30 shares during the last quarter. Finally, Zhang Financial LLC grew its stake in shares of Mastercard by 17.0% during the first quarter. Zhang Financial LLC now owns 2,024 shares of the credit services provider’s stock worth $1,109,000 after acquiring an additional 294 shares during the last quarter. 97.28% of the stock is owned by hedge funds and other institutional investors.

Mastercard Price Performance

MA opened at $563.77 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77. The stock has a fifty day moving average of $581.06 and a 200-day moving average of $562.68. The firm has a market capitalization of $509.65 billion, a P/E ratio of 38.02, a PEG ratio of 2.36 and a beta of 0.97.

Mastercard (NYSE:MA) last posted its 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. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The business’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $3.50 earnings per share. Equities analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MA. Wolfe Research set a $655.00 price objective on Mastercard in a research report on Monday, June 23rd. Morgan Stanley raised their price target on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday. Robert W. Baird raised their price target on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, KeyCorp lifted their price objective on Mastercard from $635.00 to $660.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Buy” and a consensus target price of $634.04.

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.