Mastercard Incorporated $MA Shares Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC raised its position in Mastercard Incorporated (NYSE:MA) by 6.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,015 shares of the credit services provider’s stock after purchasing an additional 406 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Mastercard were worth $3,942,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares of the company’s stock, valued at $18,459,294. This represents a 35.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Mastercard Price Performance

Shares of MA opened at $553.89 on Thursday. Mastercard Incorporated has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm’s 50 day moving average price is $578.08 and its 200 day moving average price is $567.52. The company has a market cap of $500.72 billion, a P/E ratio of 37.35, a PEG ratio of 2.32 and a beta of 0.97. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The credit services provider reported $4.15 earnings per share for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period in the prior year, the firm earned $3.50 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, research analysts forecast that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm 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. This represents a $3.04 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio is presently 20.50%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MA shares. Royal Bank Of Canada upped their price objective on shares of Mastercard from $650.00 to $656.00 and gave the stock an “outperform” rating in a report on Friday, August 1st. TD Cowen restated a “buy” rating and issued a $645.00 price objective on shares of Mastercard in a report on Monday, August 11th. Wells Fargo & Company upgraded shares of Mastercard to a “strong-buy” rating in a report on Wednesday, October 22nd. Truist Financial set a $638.00 price objective on shares of Mastercard in a report on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price objective on the stock. Five research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $638.96.

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.