Cetera Investment Advisers Purchases 6,975 Shares of Mastercard Incorporated $MA

Cetera Investment Advisers lifted its position in Mastercard Incorporated (NYSE:MA) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,114 shares of the credit services provider’s stock after purchasing an additional 6,975 shares during the period. Cetera Investment Advisers’ holdings in Mastercard were worth $138,301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of MA. ORG Partners LLC increased its holdings in shares of 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 buying an additional 295 shares during the last quarter. Ethos Financial Group LLC grew its position in Mastercard by 19.5% in the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares in the last quarter. Curio Wealth LLC increased its stake in Mastercard by 22,400.0% during the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 224 shares during the last quarter. Wheelhouse Advisory Group LLC raised 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 valued at $751,000 after purchasing an additional 56 shares during the period. Finally, SeaBridge Investment Advisors LLC lifted its stake in shares of Mastercard by 4.3% in the 2nd quarter. SeaBridge Investment Advisors LLC now owns 6,463 shares of the credit services provider’s stock valued at $3,632,000 after purchasing an additional 264 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MA shares. Tigress Financial boosted their target price on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Truist Financial cut their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. KeyCorp reissued an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Wall Street Zen upgraded shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Finally, Royal Bank Of Canada upped their price target on shares of Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $652.50.

Mastercard Price Performance

Shares of MA stock opened at $545.31 on Friday. The company has a market capitalization of $489.68 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.27 and a beta of 0.92. The company’s 50-day simple moving average is $568.49 and its two-hundred day simple moving average is $569.72. 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.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue was up 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is currently 19.44%.

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.