Delaney Dennis R Has $9.36 Million Stock Holdings in Mastercard Incorporated $MA

Delaney Dennis R lessened its holdings in Mastercard Incorporated (NYSE:MA) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,662 shares of the credit services provider’s stock after selling 393 shares during the quarter. Mastercard makes up approximately 4.8% of Delaney Dennis R’s holdings, making the stock its 3rd biggest holding. Delaney Dennis R’s holdings in Mastercard were worth $9,363,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the second quarter valued at about $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at approximately $31,000. Hughes Financial Services LLC bought a new position in Mastercard during the 1st quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new position in Mastercard during the first quarter valued at approximately $44,000. 97.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on MA. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price on the stock. Morgan Stanley raised their price objective on Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research note on Thursday, July 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average price target of $634.04.

Mastercard Price Performance

Shares of MA opened at $556.80 on Monday. The stock has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.28 and a beta of 0.97. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The company has a 50 day moving average of $581.01 and a 200-day moving average of $562.90. 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 (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.50 earnings per share. As a group, equities research analysts forecast that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be issued a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is presently 20.50%.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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.