Phoenix Financial Ltd. Has $25 Million Stock Position in Mastercard Incorporated $MA

Phoenix Financial Ltd. lifted its position in Mastercard Incorporated (NYSE:MA) by 8.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 44,571 shares of the credit services provider’s stock after buying an additional 3,411 shares during the period. Phoenix Financial Ltd.’s holdings in Mastercard were worth $24,999,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Family Legacy Financial Solutions LLC acquired a new stake in Mastercard in the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC acquired a new stake in Mastercard during the first quarter worth approximately $27,000. Keystone Global Partners LLC acquired a new stake in Mastercard during the first quarter worth approximately $31,000. Hughes Financial Services LLC acquired a new stake in Mastercard during the first quarter worth approximately $34,000. Finally, 1 North Wealth Services LLC acquired a new stake in Mastercard during the first quarter worth approximately $44,000. Institutional investors own 97.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MA shares. Royal Bank Of Canada lifted their price target on shares of Mastercard from $650.00 to $656.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. The Goldman Sachs Group reiterated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target for the company. Truist Financial dropped their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating for the company in a research report on Thursday, July 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $634.04.

Insider Buying and Selling at Mastercard

In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the business’s stock in a transaction 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 owned 31,234 shares of the company’s stock, valued at approximately $18,459,294. The trade was a 35.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

Mastercard Stock Performance

Shares of NYSE:MA opened at $566.35 on Tuesday. The company’s 50 day simple moving average is $580.07 and its 200 day simple moving average is $564.03. The stock has a market capitalization of $511.99 billion, a price-to-earnings ratio of 38.19, a price-to-earnings-growth ratio of 2.30 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. Mastercard Incorporated has a 1 year low of $465.59 and a 1 year high of $601.77.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. The business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $3.50 earnings per share. As a group, research analysts predict that Mastercard Incorporated will post 15.91 EPS for the current fiscal year.

Mastercard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Thursday, October 9th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Mastercard’s dividend payout ratio (DPR) is 20.50%.

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.