Mastercard Incorporated $MA Shares Acquired by Garrett Wealth Advisory Group LLC

Garrett Wealth Advisory Group LLC increased its holdings in shares of Mastercard Incorporated (NYSE:MA) by 41.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,171 shares of the credit services provider’s stock after purchasing an additional 346 shares during the quarter. Garrett Wealth Advisory Group LLC’s holdings in Mastercard were worth $658,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LGT Financial Advisors LLC acquired a new stake in Mastercard during the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC purchased a new position in shares of Mastercard during the second quarter worth about $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the first quarter worth about $27,000. Keystone Global Partners LLC purchased a new stake in shares of Mastercard in the 1st quarter valued at about $31,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Mastercard in the 2nd quarter valued at about $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Insider Buying and Selling

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MA. Citigroup raised Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Macquarie raised their target price on shares of Mastercard from $655.00 to $660.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. 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 research report on Friday, October 31st. Truist Financial dropped their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. Finally, Compass Point set a $620.00 target price on shares of Mastercard and gave the stock a “neutral” rating in a research note on Friday, October 31st. Four equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and an average target price of $652.50.

Mastercard Stock Performance

Shares of MA stock opened at $529.95 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a 50 day simple moving average of $565.34 and a 200-day simple moving average of $569.52. The company has a market cap of $475.89 billion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

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

Mastercard Announces Dividend

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

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.