Interchange Capital Partners LLC Has $1.73 Million Stock Holdings in Mastercard Incorporated $MA

Interchange Capital Partners LLC boosted its position in Mastercard Incorporated (NYSE:MA) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,072 shares of the credit services provider’s stock after buying an additional 38 shares during the quarter. Interchange Capital Partners LLC’s holdings in Mastercard were worth $1,726,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LGT Financial Advisors LLC acquired a new stake in Mastercard in the 2nd quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard in the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard in the 1st quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new stake in Mastercard in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Mastercard

In other news, CFO J. Mehra Sachin sold 17,816 shares of Mastercard stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the transaction, the chief financial officer directly owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE MA opened at $573.72 on Friday. The company has a current ratio of 1.16, a quick 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 50 day moving average of $579.51 and a 200-day moving average of $566.01. The company has a market capitalization of $518.65 billion, a P/E ratio of 38.69, a P/E/G ratio of 2.35 and a beta of 0.97.

Mastercard (NYSE:MA) last issued 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. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the previous year, the company posted $3.50 EPS. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm 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 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 currently 20.50%.

About Mastercard

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.