Puzo Michael J Acquires Shares of 25,086 Mastercard Incorporated $MA

Puzo Michael J acquired a new position in shares of Mastercard Incorporated (NYSE:MA) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 25,086 shares of the credit services provider’s stock, valued at approximately $12,884,000. Mastercard accounts for 3.3% of Puzo Michael J’s portfolio, making the stock its 10th biggest holding.

A number of other large investors have also recently bought and sold shares of MA. Riggs Asset Managment Co. Inc. increased its stake in Mastercard by 20.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 108 shares of the credit services provider’s stock valued at $61,000 after acquiring an additional 18 shares during the last quarter. Castle Rock Wealth Management LLC increased its stake in shares of Mastercard by 2.8% in the 4th quarter. Castle Rock Wealth Management LLC now owns 695 shares of the credit services provider’s stock valued at $387,000 after purchasing an additional 19 shares during the last quarter. Athena Wealth Management LLC raised its holdings in shares of Mastercard by 3.8% during the 2nd quarter. Athena Wealth Management LLC now owns 514 shares of the credit services provider’s stock worth $264,000 after buying an additional 19 shares in the last quarter. Novem Group lifted its position in shares of Mastercard by 0.4% during the 2nd quarter. Novem Group now owns 4,680 shares of the credit services provider’s stock worth $2,404,000 after buying an additional 19 shares during the last quarter. Finally, Vista Capital Partners Inc. boosted its stake in Mastercard by 4.5% in the second quarter. Vista Capital Partners Inc. now owns 444 shares of the credit services provider’s stock valued at $228,000 after buying an additional 19 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MA has been the subject of a number of research reports. KeyCorp raised their price target on shares of Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. TD Cowen boosted their target price on shares of Mastercard from $664.00 to $667.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Royal Bank Of Canada upped their price target on shares of Mastercard from $629.00 to $642.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. UBS Group raised their price objective on Mastercard from $640.00 to $670.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Truist Financial boosted their price objective on Mastercard from $554.00 to $633.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Five analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $664.71.

Mastercard Trading Down 0.2%

NYSE MA opened at $598.69 on Wednesday. The stock has a market capitalization of $524.46 billion, a P/E ratio of 32.93, a P/E/G ratio of 1.80 and a beta of 0.72. Mastercard Incorporated has a one year low of $464.52 and a one year high of $601.62. The business has a 50 day simple moving average of $542.94 and a 200 day simple moving average of $518.46. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share for the quarter, beating the consensus estimate of $4.77 by $0.27. Mastercard had a net margin of 46.34% and a return on equity of 239.99%. The company had revenue of $9.28 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter in the previous year, the business posted $4.15 EPS. Mastercard’s revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts expect that Mastercard Incorporated will post 19.86 earnings per share for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Thursday, July 9th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s payout ratio is 19.14%.

Insider Activity at Mastercard

In other news, insider Sandra A. Arkell sold 200 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $540.00, for a total value of $108,000.00. Following the completion of the sale, the insider directly owned 3,322 shares in the company, valued at $1,793,880. This trade represents a 5.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Raj Seshadri sold 4,828 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $525.00, for a total value of $2,534,700.00. Following the completion of the sale, the insider directly owned 16,429 shares of the company’s stock, valued at $8,625,225. The trade was a 22.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 71,357 shares of company stock worth $40,637,262. 0.09% of the stock is currently owned by insiders.

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.