Values Added Financial LLC Grows Stock Holdings in Mastercard Incorporated $MA

Values Added Financial LLC increased its position in shares of Mastercard Incorporated (NYSE:MA) by 29.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,642 shares of the credit services provider’s stock after purchasing an additional 370 shares during the quarter. Values Added Financial LLC’s holdings in Mastercard were worth $923,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MA. Brighton Jones LLC raised its position in shares of Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Mastercard by 3.2% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider’s stock valued at $3,737,000 after buying an additional 212 shares during the period. GAMMA Investing LLC raised its position in shares of Mastercard by 19.9% during the 1st quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after buying an additional 2,493 shares during the period. MV Capital Management Inc. raised its position in shares of Mastercard by 3.2% during the 1st quarter. MV Capital Management Inc. now owns 6,950 shares of the credit services provider’s stock valued at $3,809,000 after buying an additional 216 shares during the period. Finally, Kozak & Associates Inc. raised its position in shares of Mastercard by 57.7% during the 1st quarter. Kozak & Associates Inc. now owns 112 shares of the credit services provider’s stock valued at $57,000 after buying an additional 41 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

NYSE:MA opened at $576.40 on Thursday. The company has a fifty day simple moving average of $581.11 and a two-hundred day simple moving average of $562.55. The company has a market cap of $521.07 billion, a price-to-earnings ratio of 38.87, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard Incorporated has a 52 week low of $465.59 and a 52 week high of $601.77.

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

Mastercard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s payout ratio is 20.50%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wolfe Research set a $655.00 price target on shares of Mastercard in a research report on Monday, June 23rd. Robert W. Baird lifted their target price on shares of Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday. Truist Financial dropped their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Morgan Stanley lifted their target price on shares of Mastercard from $639.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $634.04.

Insider Activity at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total value of $10,456,032.24. Following the completion of the transaction, the chief financial officer owned 31,234 shares in the company, valued at $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

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.