Mastercard Incorporated $MA Shares Bought by Abel Hall LLC

Abel Hall LLC raised its stake in Mastercard Incorporated (NYSE:MA) by 10.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 895 shares of the credit services provider’s stock after acquiring an additional 85 shares during the quarter. Abel Hall LLC’s holdings in Mastercard were worth $503,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake 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 last quarter. NewSquare Capital LLC increased its stake in Mastercard by 550.0% in the first quarter. NewSquare Capital LLC now owns 325 shares of the credit services provider’s stock valued at $178,000 after purchasing an additional 275 shares during the last quarter. Requisite Capital Management LLC acquired a new position in Mastercard in the first quarter valued at $310,000. Wealthcare Advisory Partners LLC increased its stake in Mastercard by 3.2% in the first quarter. Wealthcare Advisory Partners LLC now owns 6,819 shares of the credit services provider’s stock valued at $3,737,000 after purchasing an additional 212 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake 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 last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s 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 completion of the sale, the chief financial officer owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

Mastercard Stock Performance

Shares of NYSE:MA opened at $579.24 on Wednesday. The firm has a market capitalization of $523.64 billion, a PE ratio of 39.06, a P/E/G ratio of 2.37 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. The business has a 50-day moving average of $580.78 and a two-hundred day moving average of $562.45. Mastercard Incorporated has a 12 month low of $465.59 and a 12 month high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping the consensus estimate of $4.05 by $0.10. The company had revenue of $8.13 billion during the quarter, compared to analyst estimates of $7.95 billion. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The firm’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.50 earnings per share. As a group, research analysts forecast 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 given 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 0.5%. Mastercard’s dividend payout ratio is presently 20.50%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MA. Royal Bank Of Canada upped their target price on Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Robert W. Baird upped their target price on Mastercard from $640.00 to $660.00 and gave the company an “outperform” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Saturday, September 27th. Wolfe Research set a $655.00 target price on Mastercard in a research note on Monday, June 23rd. Finally, Wall Street Zen lowered Mastercard from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Mastercard has an average rating of “Buy” and a consensus price target of $634.04.

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.