Family Capital Management Inc. Grows Stock Position in Mastercard Incorporated $MA

Family Capital Management Inc. increased its position in shares of Mastercard Incorporated (NYSE:MA) by 34.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,634 shares of the credit services provider’s stock after purchasing an additional 417 shares during the quarter. Family Capital Management Inc.’s holdings in Mastercard were worth $918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MA. Brighton Jones LLC raised its position in 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 purchasing an additional 2,028 shares during the period. GAMMA Investing LLC raised its position in Mastercard by 19.9% in the first quarter. GAMMA Investing LLC now owns 15,007 shares of the credit services provider’s stock valued at $8,226,000 after purchasing an additional 2,493 shares during the period. Asset Management One Co. Ltd. raised its position in Mastercard by 3.9% in the first quarter. Asset Management One Co. Ltd. now owns 410,047 shares of the credit services provider’s stock valued at $224,755,000 after purchasing an additional 15,342 shares during the period. AssuredPartners Investment Advisors LLC raised its position in Mastercard by 2.2% in the first quarter. AssuredPartners Investment Advisors LLC now owns 2,028 shares of the credit services provider’s stock valued at $1,111,000 after purchasing an additional 44 shares during the period. Finally, Hofer & Associates. Inc raised its position in Mastercard by 7.7% in the first quarter. Hofer & Associates. Inc now owns 655 shares of the credit services provider’s stock valued at $359,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Mastercard Trading Up 1.0%

NYSE:MA opened at $572.14 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock has a fifty day moving average price of $580.03 and a 200 day moving average price of $564.09. The firm has a market cap of $517.22 billion, a PE ratio of 38.58, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Mastercard Incorporated has a 12-month low of $465.59 and a 12-month high of $601.77.

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

Mastercard Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a dividend of $0.76 per share. 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 payout ratio is presently 20.50%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MA shares. Weiss Ratings reissued a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Wall Street Zen raised Mastercard from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Royal Bank Of Canada increased their price objective on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Truist Financial decreased their target price on Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $634.74.

Insider Activity at Mastercard

In related news, CFO J. Mehra Sachin sold 17,816 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,330,922.26. The trade was a 36.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

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.