Mastercard Incorporated $MA Shares Acquired by Maple Capital Management Inc.

Maple Capital Management Inc. raised its stake in Mastercard Incorporated (NYSE:MA) by 2.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,814 shares of the credit services provider’s stock after purchasing an additional 2,209 shares during the period. Mastercard makes up approximately 3.1% of Maple Capital Management Inc.’s holdings, making the stock its 10th biggest position. Maple Capital Management Inc.’s holdings in Mastercard were worth $45,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LGT Financial Advisors LLC acquired a new position in Mastercard in the second quarter worth about $25,000. Family Legacy Financial Solutions LLC acquired a new stake in shares of Mastercard in the 2nd quarter valued at $26,000. Flaharty Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth about $27,000. Keystone Global Partners LLC bought a new stake in Mastercard during the first quarter worth about $31,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Mastercard in the second quarter valued at approximately $31,000. 97.28% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO J. Mehra Sachin sold 17,263 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MA has been the topic of several research analyst reports. KeyCorp restated an “overweight” rating and set a $665.00 target price on shares of Mastercard in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 target price for the company. Macquarie increased their target price on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Morgan Stanley set a $665.00 price target on shares of Mastercard and gave the company an “overweight” rating in a research report on Friday, October 31st. Finally, Citigroup upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Mastercard presently has a consensus rating of “Buy” and an average price target of $649.26.

Mastercard Stock Performance

MA opened at $557.93 on Wednesday. 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 company has a market capitalization of $504.38 billion, a price-to-earnings ratio of 37.62, a P/E/G ratio of 2.27 and a beta of 0.92. The business’s 50-day moving average price is $570.69 and its two-hundred day moving average price is $569.80. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last released its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. The firm had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.89 EPS. Equities analysts expect that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $3.04 annualized dividend and a yield of 0.5%. Mastercard’s dividend payout ratio is 19.44%.

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.