Fielder Capital Group LLC Acquires 29 Shares of Mastercard Incorporated $MA

Fielder Capital Group LLC boosted its holdings in Mastercard Incorporated (NYSE:MA) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,773 shares of the credit services provider’s stock after acquiring an additional 29 shares during the quarter. Fielder Capital Group LLC’s holdings in Mastercard were worth $1,558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Curio Wealth LLC increased its stake in Mastercard by 22,400.0% in the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 224 shares during the period. Hobart Private Capital LLC bought a new stake in Mastercard in the second quarter valued at about $351,000. Sage Mountain Advisors LLC increased its stake in Mastercard by 12.5% in the second quarter. Sage Mountain Advisors LLC now owns 5,782 shares of the credit services provider’s stock valued at $3,249,000 after acquiring an additional 641 shares during the period. Washington Trust Advisors Inc. increased its stake in Mastercard by 5.6% in the second quarter. Washington Trust Advisors Inc. now owns 339 shares of the credit services provider’s stock valued at $191,000 after acquiring an additional 18 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Mastercard by 11.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,157,283 shares of the credit services provider’s stock valued at $1,212,264,000 after acquiring an additional 219,016 shares during the period. Institutional investors own 97.28% of the company’s stock.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This 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 is available through this link. 0.09% of the stock is owned by company insiders.

Mastercard Price Performance

MA opened at $573.72 on Friday. Mastercard Incorporated has a one year low of $465.59 and a one year high of $601.77. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day simple moving average is $579.51 and its 200-day simple moving average is $565.40. The stock has a market capitalization of $518.65 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last released 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 net margin of 44.93% and a return on equity of 200.01%. The business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. Sell-side analysts anticipate that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a dividend of $0.76 per share. 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 is 20.50%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MA. KeyCorp reissued an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a report on Wednesday. TD Cowen reissued a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Morgan Stanley upped their price objective on shares of Mastercard from $639.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and a consensus target price of $638.96.

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.