Mastercard Incorporated $MA Shares Acquired by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC increased its stake in Mastercard Incorporated (NYSE:MA) by 81.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 191 shares of the credit services provider’s stock after acquiring an additional 86 shares during the period. Princeton Global Asset Management LLC’s holdings in Mastercard were worth $107,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MA. Brighton Jones LLC lifted its position in Mastercard by 42.3% during the fourth 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 in the last quarter. GAMMA Investing LLC lifted its position in Mastercard by 19.9% during the first 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 in the last quarter. Live Oak Private Wealth LLC lifted its position in Mastercard by 1.3% during the first quarter. Live Oak Private Wealth LLC now owns 18,921 shares of the credit services provider’s stock valued at $10,371,000 after buying an additional 244 shares in the last quarter. Acorn Creek Capital LLC lifted its position in Mastercard by 4.7% during the first quarter. Acorn Creek Capital LLC now owns 622 shares of the credit services provider’s stock valued at $341,000 after buying an additional 28 shares in the last quarter. Finally, Park Capital Management LLC WI lifted its position in Mastercard by 16.7% during the first quarter. Park Capital Management LLC WI now owns 1,719 shares of the credit services provider’s stock valued at $942,000 after buying an additional 246 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Trading Up 1.0%

MA opened at $566.35 on Tuesday. The stock has a market capitalization of $511.99 billion, a PE ratio of 38.19, a P/E/G ratio of 2.30 and a beta of 0.97. The firm’s fifty day moving average price is $580.07 and its 200 day moving average price is $564.03. 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 Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, beating the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the firm earned $3.50 earnings per share. The firm’s revenue for the quarter was up 16.8% compared to the same quarter last year. As a group, research analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

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

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer owned 31,234 shares in the company, valued at $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MA. Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday. TD Cowen reissued a “buy” rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Truist Financial reduced their target price on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. Wells Fargo & Company boosted their target price on shares of Mastercard from $625.00 to $650.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Mastercard in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $634.04.

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.