San Francisco Sentry Investment Group CA raised its stake in shares of Mastercard Inc (NYSE:MA) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,230 shares of the credit services provider’s stock after acquiring an additional 129 shares during the period. San Francisco Sentry Investment Group CA’s holdings in Mastercard were worth $1,420,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth approximately $26,000. Ellevest Inc. lifted its stake in Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Delphi Private Advisors LLC purchased a new stake in Mastercard in the 2nd quarter valued at approximately $31,000. Evolution Wealth Advisors LLC purchased a new stake in Mastercard in the 2nd quarter valued at approximately $31,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Mastercard in the 2nd quarter valued at approximately $33,000. 74.32% of the stock is owned by hedge funds and other institutional investors.
Shares of MA opened at $270.63 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $280.54 billion, a P/E ratio of 39.50, a price-to-earnings-growth ratio of 2.30 and a beta of 1.06. The stock’s fifty day simple moving average is $275.93 and its 200 day simple moving average is $263.97. Mastercard Inc has a twelve month low of $171.89 and a twelve month high of $293.69.
Mastercard (NYSE:MA) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. Sell-side analysts predict that Mastercard Inc will post 7.61 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Wednesday, October 9th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Tuesday, October 8th. Mastercard’s dividend payout ratio (DPR) is currently 20.34%.
A number of research firms recently issued reports on MA. Tigress Financial reaffirmed a “buy” rating on shares of Mastercard in a research note on Thursday, August 22nd. Nomura upped their target price on Mastercard from $282.00 to $324.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley upped their target price on Mastercard from $291.00 to $315.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Susquehanna Bancshares upped their target price on Mastercard from $293.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of Mastercard in a research note on Friday, September 13th. Three investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $299.09.
In other Mastercard news, Director Lance Darrell Gordon Uggla bought 1,500 shares of the stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $275.71 per share, for a total transaction of $413,565.00. Following the completion of the purchase, the director now directly owns 3,691 shares of the company’s stock, valued at $1,017,645.61. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 15,900 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $265.31, for a total value of $4,218,429.00. Following the sale, the insider now owns 112,070,462 shares of the company’s stock, valued at $29,733,414,273.22. The disclosure for this sale can be found here. Insiders sold a total of 139,327 shares of company stock worth $38,323,022 over the last ninety days. Corporate insiders own 3.70% of the company’s stock.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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