Evelyn Partners Investment Management LLP Has $28.81 Million Stock Position in Mastercard Incorporated $MA

Evelyn Partners Investment Management LLP raised its position in Mastercard Incorporated (NYSE:MA) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,262 shares of the credit services provider’s stock after buying an additional 410 shares during the period. Mastercard accounts for about 1.3% of Evelyn Partners Investment Management LLP’s investment portfolio, making the stock its 17th biggest position. Evelyn Partners Investment Management LLP’s holdings in Mastercard were worth $28,806,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. ORG Partners LLC boosted its holdings in shares of Mastercard by 73.2% in the second quarter. ORG Partners LLC now owns 698 shares of the credit services provider’s stock valued at $394,000 after buying an additional 295 shares during the period. Ethos Financial Group LLC raised its holdings in shares of Mastercard by 19.5% during the first quarter. Ethos Financial Group LLC now owns 3,174 shares of the credit services provider’s stock worth $1,683,000 after acquiring an additional 518 shares during the period. Curio Wealth LLC lifted its position in Mastercard by 22,400.0% in the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock valued at $126,000 after acquiring an additional 224 shares in the last quarter. Vanguard Group Inc. boosted its stake in Mastercard by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after purchasing an additional 931,132 shares during the period. Finally, Wheelhouse Advisory Group LLC increased its holdings in Mastercard by 4.4% during the 2nd quarter. Wheelhouse Advisory Group LLC now owns 1,336 shares of the credit services provider’s stock worth $751,000 after purchasing an additional 56 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MA. Citigroup upgraded Mastercard to a “strong-buy” rating in a report on Thursday, October 23rd. Truist Financial cut their target price on Mastercard from $638.00 to $630.00 and set a “buy” rating on the stock in a research note on Tuesday, November 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $713.00 price target on shares of Mastercard in a research report on Thursday, October 30th. Morgan Stanley set a $665.00 price objective on shares of Mastercard and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Tigress Financial boosted their price objective on shares of Mastercard from $685.00 to $730.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 6th. Four research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercard has a consensus rating of “Buy” and an average target price of $652.50.

Mastercard Stock Up 2.4%

NYSE:MA opened at $540.42 on Friday. Mastercard Incorporated has a twelve month low of $465.59 and a twelve month high of $601.77. The firm has a market capitalization of $485.29 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 2.27 and a beta of 0.92. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.41. The stock’s 50 day moving average price is $563.32 and its two-hundred day moving average price is $569.09.

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 the consensus estimate of $4.31 by $0.07. The business had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the business earned $3.89 earnings per share. Equities research analysts expect that Mastercard Incorporated will post 15.91 earnings per share for the current fiscal year.

Mastercard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Thursday, October 9th were issued a dividend of $0.76 per share. The ex-dividend date was Thursday, October 9th. This represents a $3.04 dividend on an annualized basis and a yield of 0.6%. Mastercard’s dividend payout ratio (DPR) is presently 19.44%.

Insider Buying and Selling at Mastercard

In related news, CFO J. Mehra Sachin sold 17,263 shares of the 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 sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. This represents a 35.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.09% 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. 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.