Yukon Wealth Management Inc. Acquires 37 Shares of Mastercard Incorporated $MA

Yukon Wealth Management Inc. grew its holdings in shares of Mastercard Incorporated (NYSE:MA) by 0.5% in the second quarter, HoldingsChannel reports. The fund owned 7,767 shares of the credit services provider’s stock after purchasing an additional 37 shares during the quarter. Mastercard makes up about 1.6% of Yukon Wealth Management Inc.’s portfolio, making the stock its 15th largest holding. Yukon Wealth Management Inc.’s holdings in Mastercard were worth $4,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. ORG Partners LLC increased its holdings in Mastercard by 73.2% in the 2nd quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock worth $394,000 after acquiring an additional 295 shares in the last quarter. Ethos Financial Group LLC lifted its holdings in Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock valued at $1,683,000 after purchasing an additional 518 shares in the last quarter. Curio Wealth LLC lifted its holdings in Mastercard by 22,400.0% during the second quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 224 shares in the last quarter. Wheelhouse Advisory Group LLC lifted its holdings in Mastercard by 4.4% during the second quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock valued at $751,000 after purchasing an additional 56 shares in the last quarter. Finally, Canandaigua National Trust Co of Florida lifted its holdings in Mastercard by 36.4% during the first quarter. Canandaigua National Trust Co of Florida now owns 693 shares of the credit services provider’s stock valued at $380,000 after purchasing an additional 185 shares in the last quarter. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

MA has been the topic of several analyst reports. Truist Financial set a $638.00 price target on shares of Mastercard in a report on Friday. Wells Fargo & Company raised shares of Mastercard to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a report on Saturday. Citigroup raised shares of Mastercard to a “strong-buy” rating in a report on Thursday. Finally, Wall Street Zen raised shares of Mastercard from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $638.96.

Mastercard Trading Down 0.0%

Mastercard stock opened at $573.72 on Monday. The stock has a market cap of $518.65 billion, a P/E ratio of 38.69, a PEG ratio of 2.35 and a beta of 0.97. 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 1 year low of $465.59 and a 1 year high of $601.77. The firm’s 50 day moving average price is $579.51 and its 200-day moving average price is $566.36.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.05 by $0.10. The firm had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.50 earnings per share. On average, equities analysts predict that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

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

Mastercard 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.