Monetta Financial Services Inc. Has $1.24 Million Stock Position in Mastercard Incorporated $MA

Monetta Financial Services Inc. lessened its holdings in shares of Mastercard Incorporated (NYSE:MA) by 37.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,200 shares of the credit services provider’s stock after selling 1,300 shares during the quarter. Monetta Financial Services Inc.’s holdings in Mastercard were worth $1,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MA. LGT Financial Advisors LLC bought a new position in shares of Mastercard during the second quarter worth approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in Mastercard in the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $27,000. Keystone Global Partners LLC acquired a new stake in shares of Mastercard in the 1st quarter valued at $31,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Mastercard in the 2nd quarter valued at $31,000. 97.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on Mastercard from $645.00 to $654.00 and gave the company a “buy” rating in a report on Friday, October 31st. KeyCorp reiterated an “overweight” rating and set a $665.00 target price on shares of Mastercard in a research report on Wednesday, October 22nd. Tigress Financial boosted their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Compass Point set a $620.00 target price on Mastercard and gave the stock a “neutral” rating in a report on Friday, October 31st. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Mastercard has a consensus rating of “Buy” and a consensus price target of $649.26.

Insider Activity

In other news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the completion of the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, 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 this link. 0.09% of the stock is owned by corporate insiders.

Mastercard Stock Performance

NYSE:MA opened at $561.28 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $504.03 billion, a P/E ratio of 37.85, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a fifty day moving average of $570.06 and a 200-day moving average of $569.74. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.60 billion for the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the prior year, the business earned $3.89 earnings per share. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 19.44%.

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.