Picton Mahoney Asset Management Raises Holdings in Mastercard Incorporated $MA

Picton Mahoney Asset Management boosted its position in Mastercard Incorporated (NYSE:MA) by 3.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,503 shares of the credit services provider’s stock after purchasing an additional 1,312 shares during the quarter. Picton Mahoney Asset Management’s holdings in Mastercard were worth $21,076,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. LGT Financial Advisors LLC purchased a new position in Mastercard during the 2nd quarter worth $25,000. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the second quarter worth about $26,000. Flaharty Asset Management LLC purchased a new stake in shares of Mastercard during the first quarter worth about $27,000. Keystone Global Partners LLC acquired a new position in shares of Mastercard during the first quarter valued at about $31,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Mastercard during the second quarter valued at about $31,000. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on MA. Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a research note on Thursday, October 23rd. Cowen restated a “buy” rating on shares of Mastercard in a research note on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. UBS Group increased their price target on shares of Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the stock an “overweight” rating in a research note on Friday, October 31st. Four investment 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. According to data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average target price of $652.50.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total value of $10,202,433.00. Following the transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by company insiders.

Mastercard Stock Performance

Shares of NYSE MA opened at $540.42 on Monday. The company has a market capitalization of $485.29 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The company’s fifty day moving average price is $563.32 and its 200 day moving average price is $569.17. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last released its quarterly earnings results 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 company had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.Mastercard’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.89 EPS. On average, research analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current year.

Mastercard Announces Dividend

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