22,358 Shares in Mastercard Incorporated $MA Purchased by S&CO Inc.

S&CO Inc. acquired a new stake in Mastercard Incorporated (NYSE:MA) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,358 shares of the credit services provider’s stock, valued at approximately $11,483,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Belpointe Asset Management LLC boosted its holdings in Mastercard by 3.2% in the 2nd quarter. Belpointe Asset Management LLC now owns 6,759 shares of the credit services provider’s stock valued at $3,472,000 after purchasing an additional 207 shares in the last quarter. Fortis Capital Advisors LLC raised its stake in shares of Mastercard by 2.5% during the 2nd quarter. Fortis Capital Advisors LLC now owns 2,089 shares of the credit services provider’s stock worth $1,073,000 after buying an additional 51 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC lifted its holdings in shares of Mastercard by 4.9% in the 2nd quarter. Baron Silver Stevens Financial Advisors LLC now owns 1,072 shares of the credit services provider’s stock valued at $551,000 after buying an additional 50 shares during the period. Solidarity Wealth LLC lifted its holdings in shares of Mastercard by 0.6% in the 2nd quarter. Solidarity Wealth LLC now owns 21,377 shares of the credit services provider’s stock valued at $10,979,000 after buying an additional 136 shares during the period. Finally, Daymark Wealth Partners LLC lifted its holdings in shares of Mastercard by 176.0% in the 2nd quarter. Daymark Wealth Partners LLC now owns 25,164 shares of the credit services provider’s stock valued at $12,924,000 after buying an additional 16,047 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $598.69 on Wednesday. Mastercard Incorporated has a 1-year low of $464.52 and a 1-year high of $601.62. The stock has a market cap of $524.46 billion, a P/E ratio of 32.93, a P/E/G ratio of 1.80 and a beta of 0.72. The stock’s 50 day simple moving average is $542.94 and its 200 day simple moving average is $518.46. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.06 and a quick ratio of 1.06.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, July 30th. The credit services provider reported $5.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.77 by $0.27. The firm had revenue of $9.28 billion during the quarter, compared to analysts’ expectations of $9.08 billion. Mastercard had a return on equity of 239.99% and a net margin of 46.34%.Mastercard’s revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.15 earnings per share. As a group, equities analysts anticipate that Mastercard Incorporated will post 19.86 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, July 9th. Mastercard’s payout ratio is 19.14%.

Insiders Place Their Bets

In other Mastercard news, CEO Michael Miebach sold 15,372 shares of Mastercard stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $575.00, for a total transaction of $8,838,900.00. Following the completion of the transaction, the chief executive officer owned 93,693 shares in the company, valued at approximately $53,873,475. The trade was a 14.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider J. Mehra Sachin sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $572.07, for a total transaction of $572,070.00. Following the completion of the sale, the insider directly owned 39,916 shares in the company, valued at $22,834,746.12. This trade represents a 2.44% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 71,357 shares of company stock worth $40,637,262. 0.09% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MA has been the topic of a number of recent analyst reports. Barclays upped their price objective on Mastercard from $640.00 to $660.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Piper Sandler initiated coverage on Mastercard in a report on Monday, June 29th. They issued an “overweight” rating and a $597.00 target price for the company. Wall Street Zen lowered shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Morgan Stanley upped their price target on shares of Mastercard from $679.00 to $681.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, KeyCorp increased their price target on shares of Mastercard from $670.00 to $680.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Five analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $664.71.

Mastercard Company Profile

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.