Mastercard Incorporated $MA Shares Acquired by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. grew its stake in Mastercard Incorporated (NYSE:MA) by 3.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,913 shares of the credit services provider’s stock after buying an additional 58 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Mastercard were worth $1,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MA. ORG Partners LLC raised its holdings in Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 295 shares during the period. Ethos Financial Group LLC boosted its position in Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after purchasing an additional 518 shares in the last quarter. Fortis Advisors LLC boosted its position in Mastercard by 9.4% during the first quarter. Fortis Advisors LLC now owns 871 shares of the credit services provider’s stock worth $477,000 after purchasing an additional 75 shares in the last quarter. Wheelhouse Advisory Group LLC boosted its position in Mastercard by 4.4% during the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida boosted its position in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock worth $380,000 after purchasing an additional 185 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Mastercard Price Performance

Shares of Mastercard stock opened at $556.80 on Friday. The business has a 50 day simple moving average of $581.01 and a two-hundred day simple moving average of $562.86. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77. The stock has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a PEG ratio of 2.28 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

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

Mastercard Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is currently 20.50%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen reiterated a “buy” rating and set a $645.00 price target on shares of Mastercard in a research report on Monday, August 11th. KeyCorp increased their price target on Mastercard from $635.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Seaport Res Ptn upgraded Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 14th. Wolfe Research set a $655.00 target price on Mastercard in a report on Monday, June 23rd. Finally, Royal Bank Of Canada increased their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a report 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $634.04.

Mastercard Company 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.