DHJJ Financial Advisors Ltd. Raises Stock Holdings in Mastercard Incorporated $MA

DHJJ Financial Advisors Ltd. grew its stake in Mastercard Incorporated (NYSE:MA) by 21.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 827 shares of the credit services provider’s stock after acquiring an additional 146 shares during the quarter. DHJJ Financial Advisors Ltd.’s holdings in Mastercard were worth $465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MA. Brighton Jones LLC lifted its position in shares of Mastercard by 42.3% in the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after acquiring an additional 2,028 shares in the last quarter. Apella Capital LLC purchased a new position in Mastercard during the first quarter worth about $337,000. Accel Wealth Management lifted its position in Mastercard by 6.2% during the first quarter. Accel Wealth Management now owns 671 shares of the credit services provider’s stock worth $368,000 after buying an additional 39 shares during the period. Matrix Trust Co lifted its position in Mastercard by 35.6% during the first quarter. Matrix Trust Co now owns 411 shares of the credit services provider’s stock worth $225,000 after buying an additional 108 shares during the period. Finally, Warren Street Wealth Advisors LLC lifted its position in Mastercard by 6.7% during the first quarter. Warren Street Wealth Advisors LLC now owns 1,185 shares of the credit services provider’s stock worth $650,000 after buying an additional 74 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Mastercard Stock Performance

Mastercard stock opened at $577.76 on Friday. The stock’s 50-day moving average is $580.00 and its 200-day moving average is $561.32. The company has a market cap of $522.30 billion, a price-to-earnings ratio of 38.96, a price-to-earnings-growth 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 12 month low of $465.59 and a 12 month high of $601.77.

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

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be paid a $0.76 dividend. The ex-dividend date is Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is 20.50%.

Analyst Ratings Changes

Several equities analysts recently weighed in on MA shares. Deutsche Bank Aktiengesellschaft started coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, June 6th. Truist Financial reduced their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a research report on Thursday, July 17th. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a report on Friday, August 1st. Finally, Wall Street Zen downgraded Mastercard from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $630.89.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $570.67, for a total value of $178,049.04. Following the completion of the sale, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 17,263 shares of the 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. This trade represents a 35.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,391 shares of company stock valued at $20,836,514. Insiders own 0.09% of the company’s stock.

About Mastercard

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.