Creekmur Asset Management LLC Has $42,000 Stock Position in Mastercard Incorporated $MA

Creekmur Asset Management LLC raised its position in Mastercard Incorporated (NYSE:MA) by 53.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75 shares of the credit services provider’s stock after acquiring an additional 26 shares during the period. Creekmur Asset Management LLC’s holdings in Mastercard were worth $42,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. LGT Financial Advisors LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC acquired a new position in Mastercard in the 2nd quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $27,000. Keystone Global Partners LLC acquired a new position in Mastercard in the 1st quarter valued at approximately $31,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Mastercard in the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Stock Performance

MA opened at $552.59 on Friday. The business’s 50-day moving average price is $576.43 and its two-hundred day moving average price is $567.71. 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 $499.54 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 2.27 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 (NYSE:MA) last released its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter last year, the business posted $3.89 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MA. Seaport Res Ptn raised Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. UBS Group increased their target price on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 target price for the company. Royal Bank Of Canada increased their target price on Mastercard from $645.00 to $654.00 and gave the stock a “buy” rating in a report on Friday. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $647.89.

Insider Activity

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction dated Tuesday, September 2nd. The stock was 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 of the company’s stock, valued at $18,459,294. This trade represents a 35.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

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.