Mastercard Incorporated $MA Shares Acquired by Tobias Financial Advisors Inc.

Tobias Financial Advisors Inc. boosted its stake in Mastercard Incorporated (NYSE:MA) by 112.9% in the second quarter, Holdings Channel.com reports. The firm owned 960 shares of the credit services provider’s stock after acquiring an additional 509 shares during the quarter. Tobias Financial Advisors Inc.’s holdings in Mastercard were worth $539,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Mastercard by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock valued at $44,098,695,000 after buying an additional 931,132 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in Mastercard in the second quarter valued at $11,421,213,000. Price T Rowe Associates Inc. MD grew its position in Mastercard by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,096,979 shares of the credit services provider’s stock valued at $11,015,557,000 after acquiring an additional 907,184 shares during the period. Geode Capital Management LLC increased its stake in Mastercard by 2.8% during the second quarter. Geode Capital Management LLC now owns 19,760,552 shares of the credit services provider’s stock worth $11,062,509,000 after acquiring an additional 542,841 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Mastercard by 38.6% during the first quarter. Wellington Management Group LLP now owns 13,526,118 shares of the credit services provider’s stock worth $7,413,936,000 after acquiring an additional 3,765,378 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Compass Point set a $620.00 price objective on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. KeyCorp reiterated an “overweight” rating and set a $665.00 price objective on shares of Mastercard in a research note on Wednesday, October 22nd. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the stock an “overweight” rating in a research report on Friday, October 31st. Wells Fargo & Company reduced their target price on shares of Mastercard from $669.00 to $660.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Robert W. Baird increased their price target on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Four analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $652.50.

Insiders Place Their Bets

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

Mastercard Stock Up 1.2%

Shares of Mastercard stock opened at $551.25 on Friday. Mastercard Incorporated has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a market capitalization of $495.02 billion, a PE ratio of 37.17, a P/E/G ratio of 2.27 and a beta of 0.92. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50-day moving average of $559.06 and a 200-day moving average of $568.23.

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

Mastercard Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Thursday, October 9th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, October 9th. Mastercard’s dividend payout ratio is 19.44%.

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.