Moloney Securities Asset Management LLC Acquires 28 Shares of Mastercard Incorporated $MA

Moloney Securities Asset Management LLC lifted its holdings in Mastercard Incorporated (NYSE:MA) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,660 shares of the credit services provider’s stock after acquiring an additional 28 shares during the period. Moloney Securities Asset Management LLC’s holdings in Mastercard were worth $933,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LGT Financial Advisors LLC purchased a new stake in Mastercard in the 2nd quarter worth about $25,000. Family Legacy Financial Solutions LLC purchased a new stake in Mastercard in the 2nd quarter worth about $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard in the 1st quarter worth about $27,000. Keystone Global Partners LLC purchased a new stake in Mastercard in the 1st quarter worth about $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in Mastercard in the 2nd quarter worth about $31,000. Institutional investors own 97.28% of the company’s stock.

Mastercard Price Performance

Shares of MA opened at $573.72 on Friday. The company has a market cap of $518.65 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 2.35 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 quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The company has a 50 day moving average of $579.51 and a two-hundred day moving average of $565.40.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share 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 company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the firm earned $3.50 earnings per share. Mastercard’s revenue was up 16.8% compared to the same quarter last year. As a group, analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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 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 is Thursday, October 9th. Mastercard’s payout ratio is presently 20.50%.

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction 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 completion of the sale, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MA shares. Royal Bank Of Canada raised their target price on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday, October 18th. Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a research report on Wednesday. KeyCorp reissued an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a report on Wednesday. Finally, TD Cowen reissued a “buy” rating and set a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Five analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $638.96.

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.