Oak Harvest Investment Services Has $3.36 Million Stock Holdings in Mastercard Incorporated $MA

Oak Harvest Investment Services lessened its stake in shares of Mastercard Incorporated (NYSE:MA) by 2.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,973 shares of the credit services provider’s stock after selling 176 shares during the period. Oak Harvest Investment Services’ holdings in Mastercard were worth $3,356,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MA shares. KeyCorp reiterated an “overweight” rating and issued a $665.00 target price on shares of Mastercard in a research note on Wednesday, October 22nd. Tigress Financial upped their price objective on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 6th. Truist Financial cut their price objective on Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Finally, Compass Point set a $620.00 price target on Mastercard and gave the company a “neutral” rating in a research note on Friday, October 31st. Four analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $652.50.

Mastercard Trading Down 1.1%

Shares of NYSE:MA opened at $555.11 on Friday. The business’s 50 day simple moving average is $569.27 and its 200 day simple moving average is $569.64. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77. 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 $498.49 billion, a P/E ratio of 37.43, a P/E/G ratio of 2.27 and a beta of 0.92.

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

Mastercard Dividend Announcement

The company 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 was Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio (DPR) is currently 19.44%.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of Mastercard stock in a transaction on 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 transaction, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This trade represents a 35.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.